Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Get Free Report) has been given a consensus rating of “Buy” by the five brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.
Several equities research analysts recently issued reports on MUFG shares. Erste Group Bank initiated coverage on Mitsubishi UFJ Financial Group in a report on Thursday. They issued a “buy” rating on the stock. Weiss Ratings downgraded Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Finally, Mitsubishi UFJ Financial Group began coverage on shares of Mitsubishi UFJ Financial Group in a research note on Thursday. They set a “buy” rating on the stock.
Get Our Latest Research Report on MUFG
Mitsubishi UFJ Financial Group Price Performance
Mitsubishi UFJ Financial Group (NYSE:MUFG – Get Free Report) last posted its earnings results on Saturday, May 16th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.13. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%. The firm had revenue of $15.36 billion during the quarter, compared to the consensus estimate of $9.34 billion. Equities analysts forecast that Mitsubishi UFJ Financial Group will post 1.41 earnings per share for the current year.
Institutional Investors Weigh In On Mitsubishi UFJ Financial Group
Hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its position in shares of Mitsubishi UFJ Financial Group by 43.8% during the first quarter. AQR Capital Management LLC now owns 334,909 shares of the company’s stock worth $4,565,000 after acquiring an additional 101,930 shares during the period. Focus Partners Wealth boosted its holdings in Mitsubishi UFJ Financial Group by 14.8% in the first quarter. Focus Partners Wealth now owns 15,959 shares of the company’s stock valued at $218,000 after purchasing an additional 2,058 shares during the period. Geneos Wealth Management Inc. grew its stake in Mitsubishi UFJ Financial Group by 245.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock worth $65,000 after purchasing an additional 3,403 shares in the last quarter. Acadian Asset Management LLC grew its stake in Mitsubishi UFJ Financial Group by 104.1% during the 1st quarter. Acadian Asset Management LLC now owns 41,909 shares of the company’s stock worth $571,000 after purchasing an additional 21,379 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its holdings 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 purchasing an additional 14,347 shares during the period. 13.59% of the stock is currently owned by institutional investors and hedge funds.
About Mitsubishi UFJ Financial Group
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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