Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down – What’s Next?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) gapped down before the market opened on Wednesday . The stock had previously closed at $10.59, but opened at $10.20. Mitsubishi UFJ Financial Group shares last traded at $10.24, with a volume of 115,784 shares traded.

Mitsubishi UFJ Financial Group Stock Performance

The company has a market cap of $120.78 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 0.95 and a beta of 0.59. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.25. The stock’s 50 day moving average price is $10.40 and its 200 day moving average price is $10.38.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03. The firm had revenue of $22.61 billion during the quarter. Mitsubishi UFJ Financial Group had a net margin of 11.73% and a return on equity of 7.46%. On average, analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth about $39,000. Addison Advisors LLC increased its position in shares of Mitsubishi UFJ Financial Group by 123.4% in the second quarter. Addison Advisors LLC now owns 4,609 shares of the company’s stock worth $50,000 after acquiring an additional 2,546 shares in the last quarter. Family Firm Inc. purchased a new position in shares of Mitsubishi UFJ Financial Group in the 2nd quarter valued at $53,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 60.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,870 shares of the company’s stock valued at $58,000 after acquiring an additional 2,222 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its position in Mitsubishi UFJ Financial Group by 29.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 6,570 shares of the company’s stock worth $67,000 after purchasing an additional 1,481 shares during the period. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.