Mitsubishi UFJ Financial Group (NYSE:MUFG) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Mitsubishi UFJ Financial Group (NYSE:MUFG) posted its quarterly earnings data on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04, FiscalAI reports. The business had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $9.34 billion. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%.

Mitsubishi UFJ Financial Group Price Performance

Mitsubishi UFJ Financial Group stock opened at $19.59 on Thursday. The firm has a 50 day simple moving average of $17.66 and a 200-day simple moving average of $17.20. The stock has a market capitalization of $232.44 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 0.79 and a beta of 0.40. Mitsubishi UFJ Financial Group has a 12-month low of $13.19 and a 12-month high of $20.15.

Analyst Ratings Changes

Several research analysts have recently issued reports on MUFG shares. Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. UBS Group upgraded shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Mitsubishi UFJ Financial Group currently has a consensus rating of “Buy”.

Institutional Trading of Mitsubishi UFJ Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPL Wealth Management LLC acquired a new stake in Mitsubishi UFJ Financial Group during the third quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd lifted its stake in Mitsubishi UFJ Financial Group by 206.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,168 shares of the company’s stock valued at $50,000 after purchasing an additional 2,133 shares during the last quarter. Horizon Investments LLC lifted its stake in Mitsubishi UFJ Financial Group by 25.8% during the third quarter. Horizon Investments LLC now owns 3,575 shares of the company’s stock valued at $57,000 after purchasing an additional 734 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its stake in Mitsubishi UFJ Financial Group by 113.8% during the third quarter. Pin Oak Investment Advisors Inc. now owns 3,894 shares of the company’s stock valued at $62,000 after purchasing an additional 2,073 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Mitsubishi UFJ Financial Group by 245.3% during the first quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock valued at $65,000 after purchasing an additional 3,403 shares during the last quarter. 13.59% of the stock is owned by institutional investors and hedge funds.

About Mitsubishi UFJ Financial Group

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.