Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Sees Significant Increase in Short Interest

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 7,346,039 shares, a growth of 37.7% from the December 31st total of 5,336,162 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 3,417,784 shares, the short-interest ratio is currently 2.1 days. Based on an average daily volume of 3,417,784 shares, the short-interest ratio is currently 2.1 days. Approximately 0.1% of the shares of the company are short sold.

Mitsubishi UFJ Financial Group Trading Down 0.8%

Shares of Mitsubishi UFJ Financial Group stock traded down $0.15 on Friday, hitting $18.05. The stock had a trading volume of 3,286,872 shares, compared to its average volume of 3,230,445. The stock has a market cap of $214.21 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 1.39 and a beta of 0.35. Mitsubishi UFJ Financial Group has a one year low of $10.46 and a one year 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 stock’s 50-day simple moving average is $16.61 and its two-hundred day simple moving average is $15.62.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Monday, December 29th. The company reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $9.78 billion for the quarter. Mitsubishi UFJ Financial Group had a return on equity of 9.39% and a net margin of 13.98%. As a group, sell-side analysts predict that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on MUFG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, January 22nd. UBS Group upgraded shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Large investors have recently made changes to their positions in the business. Huntington National Bank raised its position in Mitsubishi UFJ Financial Group by 4.9% in the 3rd quarter. Huntington National Bank now owns 14,086 shares of the company’s stock worth $225,000 after buying an additional 659 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 5.2% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 13,930 shares of the company’s stock worth $221,000 after acquiring an additional 691 shares during the period. Seven Mile Advisory raised its holdings in shares of Mitsubishi UFJ Financial Group by 4.7% during the second quarter. Seven Mile Advisory now owns 15,543 shares of the company’s stock valued at $213,000 after purchasing an additional 702 shares during the last quarter. Xponance Inc. lifted its position in Mitsubishi UFJ Financial Group by 5.4% during the third quarter. Xponance Inc. now owns 13,991 shares of the company’s stock valued at $223,000 after purchasing an additional 723 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in Mitsubishi UFJ Financial Group by 12.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,731 shares of the company’s stock worth $107,000 after purchasing an additional 731 shares during the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

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.