Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down to $8.98

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) gapped down prior to trading on Friday . The stock had previously closed at $8.98, but opened at $8.68. Mitsubishi UFJ Financial Group shares last traded at $8.73, with a volume of 347,342 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. StockNews.com initiated coverage on shares of Mitsubishi UFJ Financial Group in a report on Thursday, August 17th. They issued a “hold” rating for the company. Daiwa Capital Markets upgraded Mitsubishi UFJ Financial Group from a “neutral” rating to an “outperform” rating in a research note on Monday, May 29th.

Mitsubishi UFJ Financial Group Price Performance

The company has a market cap of $107.44 billion, a PE ratio of 9.46, a PEG ratio of 1.40 and a beta of 0.69. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50-day moving average is $7.82 and its 200 day moving average is $7.07.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Tuesday, August 1st. The company reported $0.35 earnings per share for the quarter. Mitsubishi UFJ Financial Group had a return on equity of 5.59% and a net margin of 16.02%. The firm had revenue of $20.21 billion for the quarter. On average, equities analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MUFG. Stratos Wealth Partners LTD. boosted its holdings in Mitsubishi UFJ Financial Group by 11.4% in the second quarter. Stratos Wealth Partners LTD. now owns 12,888 shares of the company’s stock valued at $95,000 after purchasing an additional 1,314 shares during the last quarter. Commerce Bank grew its holdings in Mitsubishi UFJ Financial Group by 5.7% during the fourth quarter. Commerce Bank now owns 27,188 shares of the company’s stock worth $181,000 after acquiring an additional 1,461 shares during the period. BTC Capital Management Inc. raised its position in Mitsubishi UFJ Financial Group by 1.6% during the second quarter. BTC Capital Management Inc. now owns 91,855 shares of the company’s stock valued at $677,000 after acquiring an additional 1,482 shares in the last quarter. OLD National Bancorp IN lifted its holdings in Mitsubishi UFJ Financial Group by 4.2% in the first quarter. OLD National Bancorp IN now owns 39,611 shares of the company’s stock valued at $253,000 after acquiring an additional 1,597 shares during the period. Finally, Principal Street Partners LLC boosted its position in Mitsubishi UFJ Financial Group by 6.9% in the 4th quarter. Principal Street Partners LLC now owns 25,182 shares of the company’s stock worth $168,000 after purchasing an additional 1,617 shares in the last quarter. Hedge funds and other institutional investors own 1.76% of the company’s stock.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments.