Zacks Research upgraded shares of Mitsubishi UFJ Financial Group (NYSE:MUFG – Free Report) from a hold rating to a strong-buy rating in a report released on Monday,Zacks reports.
A number of other equities research analysts have also weighed in on the company. Weiss Ratings raised Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, September 25th. Erste Group Bank assumed coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They set a “buy” rating for the company. Finally, Mitsubishi UFJ Financial Group assumed coverage on Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Mitsubishi UFJ Financial Group has a consensus rating of “Buy”.
Check Out Our Latest Report on MUFG
Mitsubishi UFJ Financial Group Stock Down 2.4%
Mitsubishi UFJ Financial Group (NYSE:MUFG – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.10. The business had revenue of $15.11 billion for the quarter, compared to the consensus estimate of $10.06 billion. Mitsubishi UFJ Financial Group had a net margin of 17.63% and a return on equity of 12.30%. On average, analysts forecast that Mitsubishi UFJ Financial Group will post 1.6 earnings per share for the current year.
Institutional Trading of Mitsubishi UFJ Financial Group
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in Mitsubishi UFJ Financial Group by 5.7% during the first quarter. Royal Bank of Canada now owns 6,315,948 shares of the company’s stock worth $107,182,000 after buying an additional 338,881 shares during the period. Quantinno Capital Management LP lifted its position in shares of Mitsubishi UFJ Financial Group by 21.4% during the 1st quarter. Quantinno Capital Management LP now owns 2,399,601 shares of the company’s stock valued at $40,721,000 after acquiring an additional 423,058 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Mitsubishi UFJ Financial Group by 6.3% during the 1st quarter. Bank of New York Mellon Corp now owns 1,363,726 shares of the company’s stock valued at $23,142,000 after acquiring an additional 80,484 shares during the period. TD Waterhouse Canada Inc. boosted its stake in shares of Mitsubishi UFJ Financial Group by 3.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 928,117 shares of the company’s stock worth $18,816,000 after acquiring an additional 32,348 shares in the last quarter. Finally, Capital Wealth Planning LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 3.0% during the 4th quarter. Capital Wealth Planning LLC now owns 1,098,901 shares of the company’s stock worth $17,549,000 after acquiring an additional 32,310 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company’s stock.
Mitsubishi UFJ Financial Group Company Profile
Mitsubishi UFJ Financial Group, Inc (NYSE: MUFG) is a Japan-based financial services group and one of the country’s largest banking organizations. Through its subsidiaries and affiliated companies, MUFG provides commercial and retail banking, corporate and investment banking, trust banking, securities services, asset management, leasing, credit cards and consumer finance.
The group serves individual customers, businesses, financial institutions and governments. Its offerings include deposits and loans, payments, wealth management, capital-markets services, foreign exchange, corporate finance and advisory services.
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