Mitsubishi UFJ Financial Group (NYSE:MUFG) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) from a hold rating to a sell rating in a research report report published on Tuesday.

Mitsubishi UFJ Financial Group Stock Performance

NYSE MUFG opened at $13.00 on Tuesday. The firm has a market capitalization of $156.93 billion, a P/E ratio of 11.93, a PEG ratio of 1.16 and a beta of 0.61. The stock has a 50-day simple moving average of $12.28 and a two-hundred day simple moving average of $11.36. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. Mitsubishi UFJ Financial Group has a fifty-two week low of $8.75 and a fifty-two week high of $13.34.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. On average, equities analysts forecast that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current year.

Institutional Trading of Mitsubishi UFJ Financial Group

A number of hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in shares of Mitsubishi UFJ Financial Group by 30.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 75,887 shares of the company’s stock worth $773,000 after acquiring an additional 17,933 shares during the period. Allworth Financial LP increased its stake in shares of Mitsubishi UFJ Financial Group by 46.2% in the 3rd quarter. Allworth Financial LP now owns 16,148 shares of the company’s stock valued at $164,000 after purchasing an additional 5,102 shares in the last quarter. Modera Wealth Management LLC acquired a new position in Mitsubishi UFJ Financial Group in the 3rd quarter worth about $184,000. Diversify Wealth Management LLC boosted its position in Mitsubishi UFJ Financial Group by 4.9% during the third quarter. Diversify Wealth Management LLC now owns 89,961 shares of the company’s stock worth $918,000 after purchasing an additional 4,186 shares in the last quarter. Finally, US Bancorp DE grew its holdings in Mitsubishi UFJ Financial Group by 3.0% in the third quarter. US Bancorp DE now owns 267,689 shares of the company’s stock valued at $2,725,000 after purchasing an additional 7,676 shares during the period. 13.59% of the stock is owned by hedge funds and other institutional investors.

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.