Jefferies Financial Group Brokers Boost Earnings Estimates for Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)


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Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) – Jefferies Financial Group increased their FY2022 EPS estimates for shares of Mitsubishi UFJ Financial Group in a report issued on Tuesday, April 13th. Jefferies Financial Group analyst H. Ban now anticipates that the company will earn $0.60 per share for the year, up from their previous forecast of $0.54. Jefferies Financial Group currently has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for Mitsubishi UFJ Financial Group’s FY2023 earnings at $0.69 EPS.

Separately, Daiwa Capital Markets raised Mitsubishi UFJ Financial Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Mitsubishi UFJ Financial Group has a consensus rating of “Buy” and a consensus target price of $4.50.

Shares of NYSE MUFG opened at $5.46 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 3.04. The company has a market cap of $70.13 billion, a price-to-earnings ratio of 23.74 and a beta of 1.15. Mitsubishi UFJ Financial Group has a 12 month low of $3.66 and a 12 month high of $6.02. The stock has a 50-day moving average price of $5.53 and a two-hundred day moving average price of $4.74.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings data on Thursday, February 4th. The company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.05. Mitsubishi UFJ Financial Group had a net margin of 4.73% and a return on equity of 4.27%. The business had revenue of $12.98 billion during the quarter.

Several institutional investors have recently added to or reduced their stakes in the company. Todd Asset Management LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 2.6% in the fourth quarter. Todd Asset Management LLC now owns 2,101,922 shares of the company’s stock valued at $9,311,000 after buying an additional 53,592 shares during the period. Sei Investments Co. increased its position in Mitsubishi UFJ Financial Group by 10.2% during the 4th quarter. Sei Investments Co. now owns 1,902,215 shares of the company’s stock valued at $8,427,000 after purchasing an additional 175,575 shares during the period. Thornburg Investment Management Inc. acquired a new stake in Mitsubishi UFJ Financial Group during the 4th quarter valued at approximately $4,925,000. Crossmark Global Holdings Inc. increased its position in Mitsubishi UFJ Financial Group by 3.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 904,110 shares of the company’s stock valued at $4,005,000 after purchasing an additional 28,615 shares during the period. Finally, Comerica Bank increased its position in Mitsubishi UFJ Financial Group by 4.7% during the 4th quarter. Comerica Bank now owns 769,519 shares of the company’s stock valued at $3,594,000 after purchasing an additional 34,452 shares during the period. 1.22% of the stock is owned by institutional investors.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc, a bank holding company, provides financial services in Japan, the United States, and Asia/Oceania. The company's Retail & Commercial Banking Business Group segment offers commercial banking, trust banking, and securities products and services to retail, and small and medium-sized enterprise customers.

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