Stock Traders Buy High Volume of Mitsubishi UFJ Financial Group Put Options (NYSE:MUFG)

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) saw unusually large options trading activity on Monday. Stock investors bought 2,223 put options on the stock. This is an increase of 920% compared to the average volume of 218 put options.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MUFG. Zacks Research lowered shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Mitsubishi UFJ Financial Group Stock Up 2.7%

Shares of NYSE:MUFG traded up $0.43 during midday trading on Monday, reaching $16.44. The company’s stock had a trading volume of 395,544 shares, compared to its average volume of 5,121,251. 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 firm has a 50 day moving average of $15.36 and a 200-day moving average of $14.83. The firm has a market capitalization of $195.05 billion, a P/E ratio of 14.67, a PEG ratio of 1.17 and a beta of 0.34. Mitsubishi UFJ Financial Group has a 12-month low of $10.46 and a 12-month high of $16.56.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings data on Friday, November 14th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.34 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 13.98% and a return on equity of 9.39%. The business had revenue of $23.61 billion for the quarter, compared to analyst estimates of $9.19 billion. On average, research analysts anticipate that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current year.

Institutional Trading of Mitsubishi UFJ Financial Group

Institutional investors have recently bought and sold shares of the company. Fisher Asset Management LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 2.2% in the third quarter. Fisher Asset Management LLC now owns 91,486,499 shares of the company’s stock worth $1,458,295,000 after buying an additional 1,973,325 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 14.9% in the third 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 last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Mitsubishi UFJ Financial Group by 2.3% during the first quarter. Goldman Sachs Group Inc. now owns 12,652,332 shares of the company’s stock valued at $172,451,000 after purchasing an additional 288,583 shares in the last quarter. Northern Trust Corp boosted its position in shares of Mitsubishi UFJ Financial Group by 8.4% during the first quarter. Northern Trust Corp now owns 11,407,268 shares of the company’s stock valued at $155,481,000 after buying an additional 885,189 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC increased its holdings in Mitsubishi UFJ Financial Group by 1.0% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 6,222,247 shares of the company’s stock worth $99,183,000 after buying an additional 59,242 shares in the last quarter. 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.