Mitsubishi UFJ Financial Group (NYSE:MUFG) Posts Earnings Results, Beats Estimates By $0.02 EPS

Mitsubishi UFJ Financial Group (NYSE:MUFG) announced its quarterly earnings results on Wednesday. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02, Zacks reports. Mitsubishi UFJ Financial Group had a net margin of 13.98% and a return on equity of 9.39%. The business had revenue of ($1,075.42) million during the quarter, compared to the consensus estimate of $9.30 billion.

Mitsubishi UFJ Financial Group Price Performance

Shares of Mitsubishi UFJ Financial Group stock traded down $0.20 during trading on Thursday, hitting $18.36. 1,260,608 shares of the company were exchanged, compared to its average volume of 3,302,847. Mitsubishi UFJ Financial Group has a fifty-two week low of $10.46 and a fifty-two week high of $18.90. 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 price of $16.79 and a 200 day moving average price of $15.73. The stock has a market capitalization of $217.83 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 1.41 and a beta of 0.35.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

A number of institutional investors have recently made changes to their positions in MUFG. JPL Wealth Management LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter valued at $34,000. Horizon Investments LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 25.8% during the 3rd quarter. Horizon Investments LLC now owns 3,575 shares of the company’s stock worth $57,000 after purchasing an additional 734 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 113.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 3,894 shares of the company’s stock worth $62,000 after buying an additional 2,073 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Mitsubishi UFJ Financial Group by 245.3% in the first quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock valued at $65,000 after buying an additional 3,403 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new position in shares of Mitsubishi UFJ Financial Group during the second quarter valued at approximately $158,000. 13.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on MUFG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Thursday, January 22nd. UBS Group upgraded Mitsubishi UFJ Financial Group to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, Zacks Research cut Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s 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.