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

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $14.14, but opened at $13.62. Mitsubishi UFJ Financial Group shares last traded at $13.73, with a volume of 1,270,675 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, May 16th.

Mitsubishi UFJ Financial Group Price Performance

The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. The business has a 50-day simple moving average of $12.66 and a 200 day simple moving average of $12.47. The firm has a market cap of $165.63 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 1.16 and a beta of 0.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Thursday, May 15th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.10. The company had revenue of $22.91 billion during the quarter, compared to the consensus estimate of $6.47 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. On average, analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

A number of large investors have recently modified their holdings of MUFG. Whipplewood Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group in the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd purchased a new position in Mitsubishi UFJ Financial Group during the first quarter valued at $32,000. Nisa Investment Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group during the first quarter valued at $41,000. Financial Management Professionals Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 116.7% during the 1st quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company’s stock valued at $44,000 after buying an additional 1,754 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Mitsubishi UFJ Financial Group by 33.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock worth $59,000 after buying an additional 1,279 shares during the period. Institutional investors own 13.59% of the company’s stock.

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.