Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Up – What’s Next?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s share price gapped up prior to trading on Friday . The stock had previously closed at $14.33, but opened at $14.79. Mitsubishi UFJ Financial Group shares last traded at $14.82, with a volume of 40,225,919 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th.

Mitsubishi UFJ Financial Group Stock Up 4.5 %

The business’s 50 day moving average is $12.82 and its 200 day moving average is $11.71. The company has a market cap of $180.68 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.16 and a beta of 0.60. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued 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%. As a group, equities analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Large investors have recently made changes to their positions in the company. Eagle Bay Advisors LLC raised its position in Mitsubishi UFJ Financial Group by 9.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company’s stock worth $118,000 after acquiring an additional 858 shares during the period. Franklin Resources Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 1.9% during the 3rd quarter. Franklin Resources Inc. now owns 49,208 shares of the company’s stock worth $526,000 after purchasing an additional 938 shares during the period. Abel Hall LLC increased its position in shares of Mitsubishi UFJ Financial Group by 4.9% during the third quarter. Abel Hall LLC now owns 20,388 shares of the company’s stock valued at $208,000 after acquiring an additional 949 shares during the last quarter. Alaethes Wealth LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 0.4% during the fourth quarter. Alaethes Wealth LLC now owns 214,817 shares of the company’s stock worth $2,518,000 after buying an additional 951 shares during the period. Finally, OLD National Bancorp IN lifted its stake in Mitsubishi UFJ Financial Group by 5.1% during the 4th quarter. OLD National Bancorp IN now owns 19,841 shares of the company’s stock worth $233,000 after acquiring an additional 955 shares in 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.