Erste Group Bank Has Negative View of MUFG FY2027 Earnings

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) – Equities researchers at Erste Group Bank cut their FY2027 earnings estimates for Mitsubishi UFJ Financial Group in a report released on Friday, September 18th. Erste Group Bank analyst H. Engel now expects that the company will earn $1.62 per share for the year, down from their previous forecast of $1.64. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Mitsubishi UFJ Financial Group’s current full-year earnings is $1.59 per share. Erste Group Bank also issued estimates for Mitsubishi UFJ Financial Group’s FY2028 earnings at $1.82 EPS.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Tuesday, August 4th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.35 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 17.63% and a return on equity of 12.30%. The company had revenue of $15.11 billion for the quarter, compared to the consensus estimate of $10.06 billion.

A number of other analysts have also weighed in on MUFG. Weiss Ratings lowered shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Mitsubishi UFJ Financial Group initiated coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE MUFG opened at $23.12 on Wednesday. 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 has a 1 year low of $14.62 and a 1 year high of $24.26. The stock has a market capitalization of $274.42 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.04 and a beta of 0.39. The company’s 50-day moving average is $22.75 and its 200 day moving average is $20.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its position in Mitsubishi UFJ Financial Group by 0.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 14,011,482 shares of the company’s stock valued at $222,222,000 after purchasing an additional 104,327 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Mitsubishi UFJ Financial Group by 20.0% during the 4th quarter. Clearbridge Investments LLC now owns 6,730,203 shares of the company’s stock valued at $106,741,000 after buying an additional 1,121,241 shares in the last quarter. Royal Bank of Canada raised its position in shares of Mitsubishi UFJ Financial Group by 5.7% during the 1st quarter. Royal Bank of Canada now owns 6,315,948 shares of the company’s stock valued at $107,182,000 after buying an additional 338,881 shares in the last quarter. Quantinno Capital Management LP lifted its holdings 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 acquiring an additional 423,058 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Mitsubishi UFJ Financial Group by 6.3% in the first quarter. Bank of New York Mellon Corp now owns 1,363,726 shares of the company’s stock worth $23,142,000 after acquiring an additional 80,484 shares in the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (NYSE: MUFG) is a diversified Japanese financial services group headquartered in Tokyo. The group’s principal banking subsidiary, MUFG Bank, provides commercial and retail banking services, including deposits, lending, payments, foreign exchange, and transaction banking. Through its broader operations, MUFG also offers trust banking, securities services, asset management, leasing, credit cards, and consumer finance.

MUFG serves individuals, businesses, financial institutions, and governments in Japan and international markets.