Mitsubishi UFJ Financial Group (NYSE:MUFG) Rating Lowered to Hold at Zacks Research

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

Separately, Weiss Ratings raised shares of 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 issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Price Performance

MUFG stock opened at $22.00 on Tuesday. Mitsubishi UFJ Financial Group has a 52 week low of $14.88 and a 52 week high of $24.26. The firm has a market capitalization of $261.15 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 0.79 and a beta of 0.51. The company has a fifty day simple moving average of $22.61 and a two-hundred day simple moving average of $20.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.10.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.10. The firm had revenue of $15.11 billion for the quarter, compared to the consensus estimate of $10.06 billion. Mitsubishi UFJ Financial Group had a net margin of 17.63% and a return on equity of 12.30%. Analysts anticipate that Mitsubishi UFJ Financial Group will post 1.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of Mitsubishi UFJ Financial Group by 5.7% in the 1st quarter. Royal Bank of Canada now owns 6,315,948 shares of the company’s stock worth $107,182,000 after acquiring an additional 338,881 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Mitsubishi UFJ Financial Group by 21.4% during 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 last quarter. TD Waterhouse Canada Inc. grew its holdings in Mitsubishi UFJ Financial Group by 18.3% during 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 last quarter. Bank of New York Mellon Corp raised its position in 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 worth $23,142,000 after purchasing an additional 80,484 shares during the period. Finally, QRG Capital Management Inc. raised its position in Mitsubishi UFJ Financial Group by 28.6% in the 2nd quarter. QRG Capital Management Inc. now owns 817,288 shares of the company’s stock worth $16,256,000 after purchasing an additional 181,696 shares during the period. 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.