Mitsubishi UFJ Financial Group (NYSE:MUFG) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Mitsubishi UFJ Financial Group (NYSE:MUFG) released its earnings results on Thursday. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04, FiscalAI reports. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%. The business had revenue of $15.36 billion during the quarter, compared to analyst estimates of $9.34 billion.

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE:MUFG opened at $19.59 on Thursday. The company has a market cap of $232.44 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 0.79 and a beta of 0.40. Mitsubishi UFJ Financial Group has a 52 week low of $13.19 and a 52 week high of $20.15. The firm has a 50 day simple moving average of $17.66 and a 200 day simple moving average of $17.20.

Wall Street Analysts Forecast Growth

MUFG has been the subject of several recent research reports. Weiss Ratings raised shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. UBS Group upgraded shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Mitsubishi UFJ Financial Group presently has an average rating of “Buy”.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Several hedge funds have recently made changes to their positions in MUFG. AQR Capital Management LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 43.8% in the 1st quarter. AQR Capital Management LLC now owns 334,909 shares of the company’s stock valued at $4,565,000 after acquiring an additional 101,930 shares in the last quarter. Focus Partners Wealth lifted its position in Mitsubishi UFJ Financial Group by 14.8% in the 1st quarter. Focus Partners Wealth now owns 15,959 shares of the company’s stock worth $218,000 after buying an additional 2,058 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Mitsubishi UFJ Financial Group by 245.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock worth $65,000 after buying an additional 3,403 shares in the last quarter. Acadian Asset Management LLC lifted its position in Mitsubishi UFJ Financial Group by 104.1% in the 1st quarter. Acadian Asset Management LLC now owns 41,909 shares of the company’s stock worth $571,000 after buying an additional 21,379 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its position in Mitsubishi UFJ Financial Group by 68.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 35,190 shares of the company’s stock worth $483,000 after buying an additional 14,347 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.