Mitsubishi UFJ Financial Group (NYSE:MUFG) Downgraded by Zacks Research to “Hold”

Zacks Research cut shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) from a strong-buy rating to a hold rating in a report published on Tuesday,Zacks reports.

Separately, Weiss Ratings raised shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Mitsubishi UFJ Financial Group presently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE:MUFG opened at $22.00 on Tuesday. The business’s fifty day moving average price is $22.61 and its two-hundred day moving average price is $20.20. Mitsubishi UFJ Financial Group has a fifty-two week low of $14.88 and a fifty-two week high of $24.26. The stock has a market capitalization of $261.15 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 0.79 and a beta of 0.51. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.85 and a quick ratio of 0.85.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.10. Mitsubishi UFJ Financial Group had a return on equity of 12.30% and a net margin of 17.63%. The company had revenue of $15.11 billion during the quarter, compared to analysts’ expectations of $10.06 billion. As a group, analysts predict that Mitsubishi UFJ Financial Group will post 1.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its position in shares of 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 stake in Mitsubishi UFJ Financial Group by 21.4% in 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 in the last quarter. TD Waterhouse Canada Inc. lifted its stake in Mitsubishi UFJ Financial Group by 18.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,097,840 shares of the company’s stock valued at $24,827,000 after acquiring an additional 169,723 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Mitsubishi UFJ Financial Group by 6.3% in 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 in the last quarter. Finally, QRG Capital Management Inc. boosted its position in Mitsubishi UFJ Financial Group by 28.6% during the 2nd quarter. QRG Capital Management Inc. now owns 817,288 shares of the company’s stock worth $16,256,000 after acquiring an additional 181,696 shares during the last quarter. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (NYSE: MUFG) is a Japanese financial services holding company headquartered in Tokyo. Established in 2005 through the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings, the group is one of Japan’s largest banking organizations and serves corporate, institutional, government and individual customers.

Through its principal subsidiaries, including MUFG Bank, Mitsubishi UFJ Trust and Banking Corporation and Mitsubishi UFJ Securities Holdings, the company provides commercial and investment banking, trust banking, securities underwriting and brokerage, asset management, credit cards, consumer finance and leasing services.