Mitsubishi UFJ Financial Group (NYSE:MUFG) Posts Earnings Results, Beats Expectations By $0.04 EPS

Mitsubishi UFJ Financial Group (NYSE:MUFGGet Free Report) posted its quarterly earnings data on Thursday. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04, FiscalAI reports. The business had revenue of $15.36 billion for the quarter, compared to analysts’ expectations of $9.34 billion. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE:MUFG opened at $19.32 on Thursday. The company’s 50-day moving average price is $17.66 and its two-hundred day moving average price is $17.20. Mitsubishi UFJ Financial Group has a one year low of $13.19 and a one year high of $20.15. The stock has a market capitalization of $229.25 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 0.79 and a beta of 0.40.

Institutional Trading of Mitsubishi UFJ Financial Group

Several institutional investors and hedge funds have recently bought and sold shares of MUFG. Northern Trust Corp grew its stake in Mitsubishi UFJ Financial Group by 1.9% in the third quarter. Northern Trust Corp now owns 11,397,833 shares of the company’s stock valued at $181,681,000 after purchasing an additional 211,265 shares in the last quarter. FIL Ltd increased its holdings in Mitsubishi UFJ Financial Group by 11.6% during the fourth quarter. FIL Ltd now owns 5,026,845 shares of the company’s stock worth $79,726,000 after buying an additional 521,832 shares during the last quarter. Toronto Dominion Bank raised its position in Mitsubishi UFJ Financial Group by 251.7% during the fourth quarter. Toronto Dominion Bank now owns 4,816,589 shares of the company’s stock worth $76,391,000 after acquiring an additional 3,447,183 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Mitsubishi UFJ Financial Group by 3.3% in the 2nd quarter. Raymond James Financial Inc. now owns 2,870,737 shares of the company’s stock valued at $39,386,000 after acquiring an additional 92,220 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Mitsubishi UFJ Financial Group by 15.1% during the 4th quarter. JPMorgan Chase & Co. now owns 2,489,093 shares of the company’s stock worth $39,477,000 after purchasing an additional 326,683 shares during the last quarter. Institutional investors own 13.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings upgraded Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. UBS Group upgraded Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research note on Thursday, January 22nd. 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Buy”.

View Our Latest Research Report on Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group Company Profile

(Get Free Report)

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.

See Also

Earnings History for Mitsubishi UFJ Financial Group (NYSE:MUFG)

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