Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down to $10.41

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) gapped down prior to trading on Friday . The stock had previously closed at $10.41, but opened at $10.20. Mitsubishi UFJ Financial Group shares last traded at $10.18, with a volume of 220,604 shares.

Mitsubishi UFJ Financial Group Stock Down 1.7 %

The company has a market cap of $119.96 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 0.94 and a beta of 0.60. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.25. The company has a fifty day moving average of $10.41 and a 200 day moving average of $10.36.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.03. Mitsubishi UFJ Financial Group had a return on equity of 7.46% and a net margin of 11.73%. The business had revenue of $22.61 billion for the quarter. On average, research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.98 earnings per share for the current fiscal year.

Institutional Trading of Mitsubishi UFJ Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MUFG. Fisher Asset Management LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at $57,954,000. Chevy Chase Trust Holdings LLC grew its holdings in Mitsubishi UFJ Financial Group by 602.7% during the first quarter. Chevy Chase Trust Holdings LLC now owns 5,661,392 shares of the company’s stock valued at $57,916,000 after purchasing an additional 4,855,722 shares during the period. Thornburg Investment Management Inc. increased its position in Mitsubishi UFJ Financial Group by 154.2% in the second quarter. Thornburg Investment Management Inc. now owns 1,105,928 shares of the company’s stock worth $12,041,000 after buying an additional 670,787 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Mitsubishi UFJ Financial Group by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 2,342,140 shares of the company’s stock worth $23,960,000 after buying an additional 405,000 shares during the period. Finally, Herr Investment Group LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 38.6% during the 1st quarter. Herr Investment Group LLC now owns 1,410,464 shares of the company’s stock valued at $14,429,000 after buying an additional 393,000 shares in the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments.