Mitsubishi UFJ Financial Group (NYSE:MUFG) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Mitsubishi UFJ Financial Group currently has a consensus rating of “Hold”.

Mitsubishi UFJ Financial Group Trading Down 1.7%

Shares of MUFG stock traded down $0.28 during mid-day trading on Monday, hitting $15.71. 1,075,016 shares of the company’s stock were exchanged, compared to its average volume of 5,144,129. Mitsubishi UFJ Financial Group has a fifty-two week low of $10.46 and a fifty-two week high of $16.39. The stock has a 50-day simple moving average of $15.34 and a two-hundred day simple moving average of $14.71. The company has a quick ratio of 0.89, a current ratio of 0.85 and a debt-to-equity ratio of 1.39. The stock has a market cap of $189.52 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.16 and a beta of 0.34.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Friday, November 14th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.10. Mitsubishi UFJ Financial Group had a return on equity of 9.39% and a net margin of 13.98%.The firm had revenue of $23.61 billion for the quarter, compared to analysts’ expectations of $9.19 billion. Equities analysts expect that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Several institutional investors have recently modified their holdings of the company. Cetera Investment Advisers grew its stake in shares of Mitsubishi UFJ Financial Group by 10.9% in the first quarter. Cetera Investment Advisers now owns 141,984 shares of the company’s stock worth $1,935,000 after purchasing an additional 13,904 shares in the last quarter. LPL Financial LLC grew its position in Mitsubishi UFJ Financial Group by 37.4% in the 1st quarter. LPL Financial LLC now owns 458,231 shares of the company’s stock valued at $6,246,000 after buying an additional 124,828 shares in the last quarter. US Bancorp DE increased its stake in Mitsubishi UFJ Financial Group by 12.5% during the 1st quarter. US Bancorp DE now owns 371,814 shares of the company’s stock valued at $5,068,000 after buying an additional 41,238 shares during the period. Commerce Bank raised its position in shares of Mitsubishi UFJ Financial Group by 5.3% during the 1st quarter. Commerce Bank now owns 17,478 shares of the company’s stock worth $238,000 after buying an additional 878 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Mitsubishi UFJ Financial Group by 12.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 343,602 shares of the company’s stock worth $4,683,000 after acquiring an additional 38,196 shares during the period. Institutional investors own 13.59% of the company’s stock.

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.