Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Up to $9.91

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $9.91, but opened at $10.40. Mitsubishi UFJ Financial Group shares last traded at $10.41, with a volume of 190,703 shares changing hands.

Mitsubishi UFJ Financial Group Price Performance

The stock has a 50-day moving average of $10.56 and a 200 day moving average of $10.24. The company has a market cap of $122.42 billion, a P/E ratio of 11.39, a PEG ratio of 0.95 and a beta of 0.61.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.07. Mitsubishi UFJ Financial Group had a net margin of 11.73% and a return on equity of 7.45%. The business had revenue of $22.78 billion for the quarter. Sell-side analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.88 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rise Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group during the 1st quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised its position in Mitsubishi UFJ Financial Group by 133.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,648 shares of the company’s stock valued at $31,000 after purchasing an additional 2,082 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at about $32,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth about $39,000. Finally, Addison Advisors LLC boosted its position in Mitsubishi UFJ Financial Group by 44.8% during the 4th quarter. Addison Advisors LLC now owns 5,209 shares of the company’s stock worth $45,000 after buying an additional 1,612 shares during the period. Institutional investors own 13.59% of the company’s stock.

About Mitsubishi UFJ Financial Group

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.