Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Short Interest Update

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 7,346,039 shares, a growth of 37.7% from the December 31st total of 5,336,162 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 3,417,784 shares, the days-to-cover ratio is presently 2.1 days. Based on an average daily trading volume, of 3,417,784 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Laurel Wealth Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at about $26,000. Westside Investment Management Inc. raised its stake in Mitsubishi UFJ Financial Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 1,846 shares of the company’s stock worth $29,000 after buying an additional 923 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in Mitsubishi UFJ Financial Group during the third quarter worth $34,000. Redmont Wealth Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group during the 3rd quarter valued at $35,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 716.4% in the 4th quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock valued at $39,000 after acquiring an additional 2,178 shares during the period. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Price Performance

Shares of Mitsubishi UFJ Financial Group stock traded down $0.15 during trading hours on Friday, reaching $18.05. The company’s stock had a trading volume of 3,286,872 shares, compared to its average volume of 3,230,445. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.85 and a quick ratio of 0.89. Mitsubishi UFJ Financial Group has a one year low of $10.46 and a one year high of $18.90. The firm has a 50 day moving average price of $16.61 and a 200-day moving average price of $15.62. The stock has a market cap of $214.21 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.39 and a beta of 0.35.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings data on Monday, December 29th. The company reported $0.35 earnings per share for the quarter. The company had revenue of $9.78 billion for the quarter. Mitsubishi UFJ Financial Group had a return on equity of 9.39% and a net margin of 13.98%. On average, analysts predict that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current year.

Analysts Set New Price Targets

MUFG has been the subject of several research reports. Zacks Research lowered shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. UBS Group upgraded Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Company Profile

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.