Mitsubishi UFJ Financial Group (NYSE:MUFG) Issues Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Mitsubishi UFJ Financial Group (NYSE:MUFG) announced its quarterly earnings data on Monday. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11, Zacks reports. The business had revenue of $15.11 billion during the quarter, compared to analyst estimates of $10.06 billion. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.44%.

Mitsubishi UFJ Financial Group Trading Down 2.7%

MUFG traded down $0.60 during trading on Tuesday, hitting $21.89. 922,140 shares of the stock were exchanged, compared to its average volume of 3,487,598. The firm has a 50 day simple moving average of $20.85 and a 200 day simple moving average of $19.06. The firm has a market cap of $259.72 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 1.08 and a beta of 0.39. Mitsubishi UFJ Financial Group has a 1 year low of $13.86 and a 1 year high of $23.25. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.98 and a current ratio of 0.98.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

A number of large investors have recently bought and sold shares of MUFG. JPL Wealth Management LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the 3rd quarter worth $34,000. Caitong International Asset Management Co. Ltd increased its position in Mitsubishi UFJ Financial Group by 206.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,168 shares of the company’s stock valued at $50,000 after buying an additional 2,133 shares in the last quarter. Horizon Investments LLC raised its stake in Mitsubishi UFJ Financial Group by 25.8% in the third quarter. Horizon Investments LLC now owns 3,575 shares of the company’s stock valued at $57,000 after buying an additional 734 shares during the last quarter. Pin Oak Investment Advisors Inc. boosted its holdings in Mitsubishi UFJ Financial Group by 113.8% in the third quarter. Pin Oak Investment Advisors Inc. now owns 3,894 shares of the company’s stock worth $62,000 after acquiring an additional 2,073 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Mitsubishi UFJ Financial Group by 245.3% during the first quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock worth $65,000 after acquiring an additional 3,403 shares during the last quarter. Institutional investors own 13.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MUFG. Erste Group Bank assumed coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating on the stock. Weiss Ratings cut Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. Finally, Mitsubishi UFJ Financial Group started coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.