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

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

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE MUFG opened at $12.83 on Tuesday. The stock has a market capitalization of $154.77 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.16 and a beta of 0.61. Mitsubishi UFJ Financial Group has a 52 week low of $8.75 and a 52 week high of $13.34. The stock has a 50 day moving average price of $12.25 and a 200 day moving average price of $11.35. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Analysts predict that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth $29,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 33.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock valued at $59,000 after purchasing an additional 1,279 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at approximately $62,000. Venturi Wealth Management LLC boosted its position in Mitsubishi UFJ Financial Group by 72.8% in the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock valued at $54,000 after buying an additional 2,229 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Mitsubishi UFJ Financial Group during the 3rd quarter worth $55,000. 13.59% of the stock is 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.