Mitsubishi UFJ Financial Group (NYSE:MUFG) Issues Earnings Results, Beats Expectations 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 for the quarter, beating the consensus estimate of $0.30 by $0.02, Zacks reports. Mitsubishi UFJ Financial Group had a net margin of 13.87% and a return on equity of 9.69%. The business had revenue of ($1,075.42) million during the quarter, compared to analysts’ expectations of $9.30 billion.

Mitsubishi UFJ Financial Group Stock Performance

Shares of MUFG traded up $0.82 on Friday, reaching $19.07. The company’s stock had a trading volume of 1,184,966 shares, compared to its average volume of 3,333,139. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.85 and a quick ratio of 0.89. Mitsubishi UFJ Financial Group has a 12-month low of $10.46 and a 12-month high of $19.12. The stock has a market capitalization of $226.26 billion, a P/E ratio of 16.72, a PEG ratio of 1.41 and a beta of 0.35. The stock’s 50 day simple moving average is $16.83 and its two-hundred day simple moving average is $15.75.

Institutional Trading of Mitsubishi UFJ Financial Group

Hedge funds have recently bought and sold shares of the stock. Sivia Capital Partners LLC raised its stake in Mitsubishi UFJ Financial Group by 68.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 35,190 shares of the company’s stock worth $483,000 after acquiring an additional 14,347 shares during the period. Alliancebernstein L.P. purchased a new stake in shares of Mitsubishi UFJ Financial Group in the third quarter worth $211,000. Fiduciary Trust Co raised its position in shares of Mitsubishi UFJ Financial Group by 14.4% during the 3rd quarter. Fiduciary Trust Co now owns 16,106 shares of the company’s stock valued at $257,000 after purchasing an additional 2,031 shares during the period. Cresset Asset Management LLC raised its position in shares of Mitsubishi UFJ Financial Group by 27.4% during the 3rd quarter. Cresset Asset Management LLC now owns 14,448 shares of the company’s stock valued at $230,000 after purchasing an additional 3,107 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of Mitsubishi UFJ Financial Group by 111.6% during the 2nd quarter. Osaic Holdings Inc. now owns 26,199 shares of the company’s stock valued at $359,000 after buying an additional 13,817 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on MUFG shares. UBS Group raised Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research report on Thursday, January 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, January 22nd. Finally, Zacks Research lowered Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average 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.