Mitsubishi UFJ Financial Group (NYSE:MUFG) Cut to Sell at StockNews.com

Mitsubishi UFJ Financial Group (NYSE:MUFG) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE MUFG traded down $0.34 during midday trading on Monday, reaching $14.65. The company’s stock had a trading volume of 14,555,453 shares, compared to its average volume of 3,007,459. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. The company has a market cap of $176.73 billion, a P/E ratio of 13.44, a P/E/G ratio of 1.16 and a beta of 0.60. The business’s 50 day moving average price is $12.87 and its two-hundred day moving average price is $11.75. Mitsubishi UFJ Financial Group has a fifty-two week low of $8.75 and a fifty-two week high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. On average, analysts forecast that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in MUFG. Barclays PLC bought a new position in Mitsubishi UFJ Financial Group in the third quarter valued at approximately $752,000. Fisher Asset Management LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 15.7% in the 3rd quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock valued at $79,947,000 after purchasing an additional 1,067,409 shares in the last quarter. Custom Index Systems LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at $281,000. Synovus Financial Corp raised its holdings in shares of Mitsubishi UFJ Financial Group by 24.4% during the 3rd quarter. Synovus Financial Corp now owns 301,550 shares of the company’s stock worth $3,070,000 after buying an additional 59,053 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Mitsubishi UFJ Financial Group by 41.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 258,298 shares of the company’s stock worth $2,629,000 after buying an additional 75,997 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.