Mitsubishi UFJ Financial Group (NYSE:MUFG) Sees Large Volume Increase – Still a Buy?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) saw strong trading volume on Friday . 4,158,624 shares traded hands during trading, an increase of 69% from the previous session’s volume of 2,457,514 shares.The stock last traded at $13.63 and had previously closed at $13.17.

Analyst Ratings Changes

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th.

Mitsubishi UFJ Financial Group Trading Up 3.7 %

The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92. The firm has a market capitalization of $164.78 billion, a PE ratio of 12.53, a P/E/G ratio of 1.16 and a beta of 0.60. The company’s fifty day simple moving average is $12.54 and its 200-day simple moving average is $11.54.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. As a group, sell-side analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Institutional Trading of Mitsubishi UFJ Financial Group

Several large investors have recently added to or reduced their stakes in MUFG. Northern Trust Corp raised its stake in Mitsubishi UFJ Financial Group by 46.6% during the fourth quarter. Northern Trust Corp now owns 10,522,079 shares of the company’s stock worth $123,319,000 after purchasing an additional 3,342,330 shares during the period. Natixis Advisors LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 5.4% during the 4th quarter. Natixis Advisors LLC now owns 9,850,891 shares of the company’s stock worth $115,452,000 after buying an additional 507,578 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Mitsubishi UFJ Financial Group by 15.7% during the 3rd quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock valued at $79,947,000 after buying an additional 1,067,409 shares during the period. Royal Bank of Canada lifted its holdings in Mitsubishi UFJ Financial Group by 40.4% in the fourth quarter. Royal Bank of Canada now owns 6,021,271 shares of the company’s stock valued at $70,570,000 after acquiring an additional 1,731,873 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC grew its position in Mitsubishi UFJ Financial Group by 4.2% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 5,950,256 shares of the company’s stock worth $69,737,000 after acquiring an additional 241,685 shares during the period. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

About Mitsubishi UFJ Financial Group

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.