Mitsubishi UFJ Financial Group (NYSE:MUFG) Upgraded by UBS Group to “Strong-Buy” Rating

Mitsubishi UFJ Financial Group (NYSE:MUFG) was upgraded by stock analysts at UBS Group to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other equities research analysts have also recently commented on MUFG. Zacks Research cut Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Weiss Ratings restated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a report on Thursday. One research 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 stock has a consensus rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Stock Performance

NYSE:MUFG opened at $17.88 on Thursday. The company has a market cap of $212.14 billion, a P/E ratio of 15.96, a P/E/G ratio of 1.33 and a beta of 0.35. Mitsubishi UFJ Financial Group has a twelve month low of $10.46 and a twelve month high of $18.90. The company’s 50-day moving average price is $16.33 and its 200-day moving average price is $15.46. The company has a current ratio of 0.85, a quick ratio of 0.89 and a debt-to-equity ratio of 1.39.

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

Institutional Trading of Mitsubishi UFJ Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of MUFG. AQR Capital Management LLC lifted its position in Mitsubishi UFJ Financial Group by 43.8% in the first quarter. AQR Capital Management LLC now owns 334,909 shares of the company’s stock valued at $4,565,000 after buying an additional 101,930 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Mitsubishi UFJ Financial Group by 14.8% in the 1st quarter. Focus Partners Wealth now owns 15,959 shares of the company’s stock valued at $218,000 after acquiring an additional 2,058 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Mitsubishi UFJ Financial Group by 245.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock worth $65,000 after acquiring an additional 3,403 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 104.1% during the 1st quarter. Acadian Asset Management LLC now owns 41,909 shares of the company’s stock worth $571,000 after purchasing an additional 21,379 shares during the period. Finally, Sivia Capital Partners LLC increased its holdings in Mitsubishi UFJ Financial Group by 68.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 35,190 shares of the company’s stock valued at $483,000 after purchasing an additional 14,347 shares during the last quarter. 13.59% of the stock is owned by institutional investors and hedge funds.

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.