Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Up to $5.71

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) shares gapped up prior to trading on Tuesday . The stock had previously closed at $5.71, but opened at $5.91. Mitsubishi UFJ Financial Group shares last traded at $5.84, with a volume of 13,955 shares trading hands.

Separately, Zacks Investment Research upgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Thursday, May 27th.

The company has a market cap of $74.76 billion, a P/E ratio of 8.16 and a beta of 1.00. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 2.98. The business has a 50-day moving average price of $5.50 and a two-hundred day moving average price of $5.54.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Monday, August 2nd. The company reported $0.24 earnings per share for the quarter. The company had revenue of $13.74 billion during the quarter. Mitsubishi UFJ Financial Group had a return on equity of 5.29% and a net margin of 16.67%. As a group, sell-side analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.79 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in MUFG. Atlas Capital Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the second quarter worth $37,000. TriaGen Wealth Management LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the second quarter worth $55,000. 9258 Wealth Management LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth $56,000. Bessemer Group Inc. acquired a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth $60,000. Finally, WP Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the second quarter worth $60,000. 1.44% of the stock is owned by institutional investors and hedge funds.

About Mitsubishi UFJ Financial Group (NYSE:MUFG)

Mitsubishi UFJ Financial Group, Inc operates as a holding company, which provides financial services through its subsidiaries. It operates through the following segments: Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group, Global Markets and Others.

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