Mitsubishi UFJ Financial Group (NYSE:MUFG) Stock Rating Upgraded by Wall Street Zen

Mitsubishi UFJ Financial Group (NYSE:MUFG) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Mitsubishi UFJ Financial Group Stock Performance

MUFG opened at $13.60 on Friday. The company has a market cap of $164.17 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 1.16 and a beta of 0.42. The stock has a 50-day moving average of $12.85 and a 200-day moving average of $12.64. Mitsubishi UFJ Financial Group has a 52-week low of $8.75 and a 52-week high of $15.03. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.10. The company had revenue of $22.91 billion during the quarter, compared to the consensus estimate of $6.47 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. As a group, equities research analysts forecast that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current fiscal year.

Institutional Trading of Mitsubishi UFJ Financial Group

Several large investors have recently made changes to their positions in MUFG. Stratos Wealth Partners LTD. boosted its stake in shares of Mitsubishi UFJ Financial Group by 7.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 16,700 shares of the company’s stock worth $196,000 after acquiring an additional 1,192 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth about $153,000. Allspring Global Investments Holdings LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 10.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 83,516 shares of the company’s stock worth $982,000 after purchasing an additional 7,629 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Mitsubishi UFJ Financial Group by 55.8% during the 4th quarter. Principal Securities Inc. now owns 10,652 shares of the company’s stock worth $125,000 after purchasing an additional 3,816 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth about $62,000. Institutional investors 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.