Mitsubishi UFJ Financial Group (NYSE:MUFG) Raised to “Strong-Buy” at Zacks Research

Mitsubishi UFJ Financial Group (NYSE:MUFG) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday, Zacks reports.

A number of other brokerages have also recently weighed in on MUFG. Erste Group Bank assumed coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating on the stock. Mitsubishi UFJ Financial Group assumed coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They issued a “buy” rating for the company. Finally, Weiss Ratings raised shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Trading Up 0.9%

Shares of Mitsubishi UFJ Financial Group stock opened at $23.18 on Monday. Mitsubishi UFJ Financial Group has a fifty-two week low of $14.62 and a fifty-two week high of $24.26. The business’s fifty day moving average is $22.88 and its two-hundred day moving average is $20.57. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.10. The firm has a market cap of $275.15 billion, a PE ratio of 15.15, a P/E/G ratio of 0.85 and a beta of 0.44.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 17.63% and a return on equity of 12.30%. The firm had revenue of $15.11 billion during the quarter, compared to the consensus estimate of $10.06 billion. Analysts anticipate that Mitsubishi UFJ Financial Group will post 1.6 earnings per share for the current year.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

A number of institutional investors have recently made changes to their positions in MUFG. Elevation Wealth Partners LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 2nd quarter valued at approximately $25,000. Signature Equity Partners LLC boosted its holdings in Mitsubishi UFJ Financial Group by 73.0% in the first quarter. Signature Equity Partners LLC now owns 1,697 shares of the company’s stock worth $29,000 after purchasing an additional 716 shares during the period. Whipplewood Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group in the first quarter worth $29,000. Pin Oak Investment Advisors Inc. bought a new stake in Mitsubishi UFJ Financial Group during the second quarter valued at $79,000. Finally, City Holding Co. bought a new stake in Mitsubishi UFJ Financial Group during the second quarter valued at $99,000. 13.59% of the stock is currently owned by institutional investors.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (NYSE: MUFG) is a Japan-based financial services group and one of the country’s largest banking organizations. Through its subsidiaries and affiliated companies, MUFG provides commercial and retail banking, corporate and investment banking, trust banking, securities services, asset management, leasing, credit cards and consumer finance.

The group serves individual customers, businesses, financial institutions and governments. Its offerings include deposits and loans, payments, wealth management, capital-markets services, foreign exchange, corporate finance and advisory services.