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

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

Mitsubishi UFJ Financial Group Stock Down 1.0%

Shares of MUFG opened at $19.40 on Friday. The business’s 50 day moving average price is $17.69 and its 200-day moving average price is $17.23. Mitsubishi UFJ Financial Group has a 52 week low of $13.19 and a 52 week high of $20.15. The stock has a market cap of $230.17 billion, a P/E ratio of 13.76, a P/E/G ratio of 0.79 and a beta of 0.40.

Analyst Ratings Changes

MUFG has been the topic of several recent analyst reports. UBS Group raised Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research note on Thursday, January 22nd. Weiss Ratings raised Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Hedge funds have recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new position in Mitsubishi UFJ Financial Group in the 3rd quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd raised its holdings in Mitsubishi UFJ Financial Group by 206.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,168 shares of the company’s stock worth $50,000 after acquiring an additional 2,133 shares during the last quarter. Horizon Investments LLC raised its holdings in Mitsubishi UFJ Financial Group by 25.8% in the 3rd quarter. Horizon Investments LLC now owns 3,575 shares of the company’s stock worth $57,000 after acquiring an additional 734 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its holdings in 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 worth $62,000 after acquiring an additional 2,073 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in 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. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

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.