Mitsubishi UFJ Financial Group (NYSE:MUFG) Announces Earnings Results

Mitsubishi UFJ Financial Group (NYSE:MUFG) released its quarterly earnings results on Thursday. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13, FiscalAI reports. Mitsubishi UFJ Financial Group had a return on equity of 11.07% and a net margin of 16.65%.The firm had revenue of $15.36 billion during the quarter, compared to the consensus estimate of $9.34 billion.

Mitsubishi UFJ Financial Group Stock Up 0.1%

Shares of Mitsubishi UFJ Financial Group stock opened at $19.40 on Friday. Mitsubishi UFJ Financial Group has a 12-month low of $13.19 and a 12-month high of $20.15. The stock has a market cap of $230.28 billion, a P/E ratio of 13.76, a P/E/G ratio of 0.79 and a beta of 0.40. The business’s 50 day moving average is $17.74 and its 200-day moving average is $17.25.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPL Wealth Management LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 3rd quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Mitsubishi UFJ Financial Group by 206.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,168 shares of the company’s stock worth $50,000 after purchasing an additional 2,133 shares in the last quarter. Horizon Investments LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 25.8% during the 3rd quarter. Horizon Investments LLC now owns 3,575 shares of the company’s stock worth $57,000 after purchasing an additional 734 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 113.8% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 3,894 shares of the company’s stock worth $62,000 after purchasing an additional 2,073 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 245.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock worth $65,000 after purchasing an additional 3,403 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

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.