Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Receives Average Rating of “Buy” from Analysts

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) have received an average rating of “Buy” from the five analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

MUFG has been the subject of several analyst reports. Weiss Ratings cut Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. Erste Group Bank initiated coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday. They set a “buy” rating on the stock. Finally, Mitsubishi UFJ Financial Group assumed coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday. They issued a “buy” rating for the company.

Mitsubishi UFJ Financial Group Stock Up 1.5%

MUFG traded up $0.30 during trading on Thursday, reaching $20.11. The company’s stock had a trading volume of 149,837 shares, compared to its average volume of 3,505,151. The company has a market cap of $238.68 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 0.82 and a beta of 0.40. The firm has a fifty day simple moving average of $19.00 and a two-hundred day simple moving average of $17.98. Mitsubishi UFJ Financial Group has a 1 year low of $13.19 and a 1 year high of $21.17.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Saturday, May 16th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.20 by $0.13. Mitsubishi UFJ Financial Group had a return on equity of 11.07% and a net margin of 16.65%.The firm had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $9.34 billion. As a group, equities analysts forecast that Mitsubishi UFJ Financial Group will post 1.41 EPS for the current fiscal year.

Institutional Trading of Mitsubishi UFJ Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fisher Asset Management LLC lifted its holdings in Mitsubishi UFJ Financial Group by 2.0% in the fourth quarter. Fisher Asset Management LLC now owns 93,276,119 shares of the company’s stock valued at $1,479,359,000 after acquiring an additional 1,789,620 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Mitsubishi UFJ Financial Group by 0.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 14,011,482 shares of the company’s stock valued at $222,222,000 after purchasing an additional 104,327 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 14.9% during the 3rd quarter. Natixis Advisors LLC now owns 13,240,940 shares of the company’s stock worth $211,061,000 after purchasing an additional 1,718,759 shares during the period. Northern Trust Corp increased its position in shares of Mitsubishi UFJ Financial Group by 1.9% during the 3rd quarter. Northern Trust Corp now owns 11,397,833 shares of the company’s stock worth $181,681,000 after purchasing an additional 211,265 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in Mitsubishi UFJ Financial Group by 20.0% in the 4th quarter. Clearbridge Investments LLC now owns 6,730,203 shares of the company’s stock valued at $106,741,000 after buying an additional 1,121,241 shares during the period. Institutional investors and hedge funds 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.