Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down – Time to Sell?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s share price gapped down before the market opened on Friday . The stock had previously closed at $15.34, but opened at $14.86. Mitsubishi UFJ Financial Group shares last traded at $14.91, with a volume of 189,978 shares changing hands.

Analyst Upgrades and Downgrades

MUFG has been the topic of several recent analyst reports. Wall Street Zen raised shares of 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. Finally, Zacks Research raised shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Mitsubishi UFJ Financial Group currently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Trading Down 4.6%

The stock has a market cap of $176.61 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.07 and a beta of 0.38. The firm’s 50 day moving average is $15.36 and its two-hundred day moving average is $13.92. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.86.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings data on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $9.86 billion. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. Equities analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current year.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Several large investors have recently made changes to their positions in the company. Fisher Asset Management LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 17.4% in the second quarter. Fisher Asset Management LLC now owns 89,513,174 shares of the company’s stock valued at $1,228,121,000 after purchasing an additional 13,275,383 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Mitsubishi UFJ Financial Group by 2.3% in 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 during the period. Northern Trust Corp increased its stake in shares of Mitsubishi UFJ Financial Group by 8.4% in the first quarter. Northern Trust Corp now owns 11,407,268 shares of the company’s stock valued at $155,481,000 after purchasing an additional 885,189 shares during the period. Natixis Advisors LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 9.2% in the first quarter. Natixis Advisors LLC now owns 10,756,565 shares of the company’s stock valued at $146,612,000 after purchasing an additional 905,674 shares during the period. Finally, Chevy Chase Trust Holdings LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 4.2% in the first quarter. Chevy Chase Trust Holdings LLC now owns 6,197,764 shares of the company’s stock valued at $84,476,000 after purchasing an additional 247,508 shares during the period. Institutional investors and hedge funds 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.