Mitsubishi UFJ Financial Group (NYSE:MUFG) Posts Earnings Results, Beats Expectations By $0.02 EPS

Mitsubishi UFJ Financial Group (NYSE:MUFG) posted its earnings results on Wednesday. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02, Zacks reports. The business had revenue of ($1,075.42) million for the quarter, compared to analysts’ expectations of $9.30 billion. Mitsubishi UFJ Financial Group had a return on equity of 9.39% and a net margin of 13.98%.

Mitsubishi UFJ Financial Group Stock Performance

MUFG traded down $0.20 during trading on Thursday, hitting $18.36. The stock had a trading volume of 1,260,608 shares, compared to its average volume of 3,302,847. The firm has a market capitalization of $217.83 billion, a P/E ratio of 16.39, a PEG ratio of 1.41 and a beta of 0.35. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.89 and a current ratio of 0.85. 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 $16.79 and its 200 day moving average price is $15.73.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group raised Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research report on Thursday, January 22nd. Zacks Research downgraded shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Institutional Trading of Mitsubishi UFJ Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in MUFG. JPL Wealth Management LLC purchased a new position in Mitsubishi UFJ Financial Group during the third quarter worth about $34,000. Horizon Investments LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 25.8% during the 3rd quarter. Horizon Investments LLC now owns 3,575 shares of the company’s stock worth $57,000 after buying an additional 734 shares in the last quarter. Pin Oak Investment Advisors Inc. lifted its holdings in shares of Mitsubishi UFJ Financial Group by 113.8% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 3,894 shares of the company’s stock valued at $62,000 after buying an additional 2,073 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Mitsubishi UFJ Financial Group by 245.3% in the first quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock valued at $65,000 after buying an additional 3,403 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new position in Mitsubishi UFJ Financial Group during the second quarter worth $158,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

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.