Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $20.23 and last traded at $20.0650, with a volume of 1127284 shares changing hands. The stock had previously closed at $20.05.
Wall Street Analyst Weigh In
Separately, Weiss Ratings downgraded shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.
View Our Latest Stock Analysis on Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group Price Performance
Mitsubishi UFJ Financial Group (NYSE:MUFG – Get Free Report) last issued its quarterly earnings data on Saturday, May 16th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.13. The firm had revenue of $15.36 billion during the quarter, compared to the consensus estimate of $9.34 billion. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%. Research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 1.41 earnings per share for the current year.
Institutional Investors Weigh In On Mitsubishi UFJ Financial Group
A number of hedge funds and other institutional investors have recently made changes to their positions in MUFG. Toronto Dominion Bank raised its position in shares of Mitsubishi UFJ Financial Group by 251.7% in the fourth quarter. Toronto Dominion Bank now owns 4,816,589 shares of the company’s stock valued at $76,391,000 after buying an additional 3,447,183 shares in the last quarter. Fisher Asset Management LLC raised its position 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 valued at $1,458,295,000 after buying an additional 1,973,325 shares in the last quarter. Natixis Advisors LLC raised its position 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 valued at $211,061,000 after buying an additional 1,718,759 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Mitsubishi UFJ Financial Group by 180.1% in the third quarter. JPMorgan Chase & Co. now owns 2,162,410 shares of the company’s stock valued at $34,469,000 after buying an additional 1,390,497 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of Mitsubishi UFJ Financial Group by 20.0% in the fourth quarter. Clearbridge Investments LLC now owns 6,730,203 shares of the company’s stock valued at $106,741,000 after buying an additional 1,121,241 shares in the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.
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.
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