Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Short Interest Up 37.7% in January

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 7,346,039 shares, a growth of 37.7% from the December 31st total of 5,336,162 shares. Based on an average daily trading volume, of 3,417,784 shares, the short-interest ratio is presently 2.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 3,417,784 shares, the short-interest ratio is presently 2.1 days.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group raised Mitsubishi UFJ Financial Group to a “strong-buy” rating in a report on Thursday, January 22nd. Zacks Research downgraded shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Mitsubishi UFJ Financial Group currently has an average rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Stock Performance

NYSE MUFG opened at $18.24 on Tuesday. The company’s 50 day simple moving average is $16.67 and its two-hundred day simple moving average is $15.67. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.85 and a quick ratio of 0.89. Mitsubishi UFJ Financial Group has a 1 year low of $10.46 and a 1 year high of $18.90. The stock has a market capitalization of $216.41 billion, a PE ratio of 16.28, a P/E/G ratio of 1.37 and a beta of 0.35.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Monday, December 29th. The company reported $0.35 earnings per share for the quarter. The firm had revenue of $15.58 billion for the quarter. Mitsubishi UFJ Financial Group had a net margin of 13.98% and a return on equity of 9.39%. Analysts predict that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MUFG. Laurel Wealth Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $26,000. Westside Investment Management Inc. raised its position in shares of Mitsubishi UFJ Financial Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,846 shares of the company’s stock valued at $29,000 after buying an additional 923 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 3rd quarter worth $34,000. Redmont Wealth Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group in the third quarter worth $35,000. Finally, Sound Income Strategies LLC increased its stake in Mitsubishi UFJ Financial Group by 716.4% in the fourth quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock valued at $39,000 after acquiring an additional 2,178 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.