Mitsubishi UFJ Financial Group (NYSE:MUFG) Stock Rating Lowered by Keefe, Bruyette & Woods

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Mitsubishi UFJ Financial Group (NYSE:MUFG) was downgraded by equities researchers at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a note issued to investors on Monday, The Fly reports.

Several other analysts have also recently commented on the stock. TheStreet cut shares of Mitsubishi UFJ Financial Group from a “c” rating to a “d” rating in a report on Thursday, August 8th. ValuEngine upgraded shares of Mitsubishi UFJ Financial Group from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Mitsubishi UFJ Financial Group has a consensus rating of “Hold”.

MUFG stock opened at $5.33 on Monday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $73.67 billion, a P/E ratio of 7.20, a P/E/G ratio of 1.39 and a beta of 1.37. The firm has a 50 day simple moving average of $5.17 and a 200 day simple moving average of $4.90. Mitsubishi UFJ Financial Group has a 52 week low of $4.49 and a 52 week high of $5.64.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.17 EPS for the quarter. The business had revenue of $16.61 billion during the quarter. Mitsubishi UFJ Financial Group had a net margin of 12.04% and a return on equity of 5.88%. Sell-side analysts predict that Mitsubishi UFJ Financial Group will post 0.64 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Corient Capital Partners LLC raised its position in Mitsubishi UFJ Financial Group by 43.6% during the third quarter. Corient Capital Partners LLC now owns 139,389 shares of the company’s stock valued at $708,000 after acquiring an additional 42,345 shares in the last quarter. Dean Capital Investments Management LLC raised its position in Mitsubishi UFJ Financial Group by 53.1% during the third quarter. Dean Capital Investments Management LLC now owns 37,036 shares of the company’s stock valued at $188,000 after acquiring an additional 12,852 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Mitsubishi UFJ Financial Group by 3.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 675,584 shares of the company’s stock valued at $3,432,000 after acquiring an additional 25,213 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Mitsubishi UFJ Financial Group by 267.6% during the third quarter. Tower Research Capital LLC TRC now owns 7,609 shares of the company’s stock valued at $38,000 after acquiring an additional 5,539 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its position in Mitsubishi UFJ Financial Group by 24.1% during the third quarter. Eagle Asset Management Inc. now owns 178,052 shares of the company’s stock valued at $904,000 after acquiring an additional 34,628 shares in the last quarter. 1.02% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc, a bank holding company, provides financial services in Japan and internationally. Its Retail Banking Business Group segment offers a range of products and services, such as bank deposits, loans, asset management and administration services, investment products, and settlement services.

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