Mitsubishi UFJ Financial Group (NYSE:MUFG) Stock Rating Lowered by Zacks Research

Mitsubishi UFJ Financial Group (NYSE:MUFG) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

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

Mitsubishi UFJ Financial Group Stock Up 3.5%

Shares of NYSE:MUFG opened at $22.00 on Tuesday. The company has a fifty day moving average of $22.61 and a 200-day moving average of $20.20. The company has a market capitalization of $261.15 billion, a PE 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 quick ratio of 0.85 and a current ratio of 0.85. Mitsubishi UFJ Financial Group has a 52-week low of $14.88 and a 52-week high of $24.26.

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

Institutional Trading of Mitsubishi UFJ Financial Group

Several institutional investors have recently modified their holdings of MUFG. Royal Bank of Canada raised its stake in 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 last quarter. Quantinno Capital Management LP lifted its stake in shares of 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 purchasing an additional 423,058 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of 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 purchasing an additional 169,723 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of 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 purchasing an additional 80,484 shares during the period. Finally, QRG Capital Management Inc. boosted its position in shares of 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 valued at $16,256,000 after purchasing an additional 181,696 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

About Mitsubishi UFJ Financial Group

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.