Mitsubishi UFJ Financial Group Inc (MTU) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Mitsubishi UFJ Financial Group Inc (NYSE:MTU) released its quarterly earnings results on Monday, May 15th. The bank reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.03, MarketWatch Earnings reports. Mitsubishi UFJ Financial Group had a net margin of 15.66% and a return on equity of 5.95%. The firm had revenue of $14.60 billion for the quarter.

Mitsubishi UFJ Financial Group (MTU) traded up 0.46% during midday trading on Friday, reaching $6.55. The company’s stock had a trading volume of 1,437,725 shares. Mitsubishi UFJ Financial Group has a 12-month low of $4.16 and a 12-month high of $7.01. The firm has a 50 day moving average price of $6.41 and a 200-day moving average price of $6.42. The company has a market cap of $88.18 billion, a P/E ratio of 10.72 and a beta of 1.65.

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An institutional investor recently raised its position in Mitsubishi UFJ Financial Group stock. Geode Capital Management LLC increased its stake in shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) by 17.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 42,525 shares of the bank’s stock after buying an additional 6,286 shares during the period. Geode Capital Management LLC’s holdings in Mitsubishi UFJ Financial Group were worth $269,000 at the end of the most recent quarter. 1.02% of the stock is currently owned by hedge funds and other institutional investors.

MTU has been the topic of several research reports. Mizuho upgraded Mitsubishi UFJ Financial Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 28th. Citigroup Inc. upgraded Mitsubishi UFJ Financial Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 21st. Finally, BidaskClub raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company’s segments include Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group and Krungsri. The Company’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various fields of financial services.

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