Mitsubishi UFJ Financial Group (NYSE:MUFG) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Mitsubishi UFJ Financial Group (NYSE:MUFG) released its quarterly earnings data on Monday. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11, Zacks reports. The business had revenue of $15.11 billion for the quarter, compared to analysts’ expectations of $10.06 billion. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.44%.

Mitsubishi UFJ Financial Group Stock Down 2.5%

NYSE MUFG traded down $0.56 during trading on Tuesday, reaching $21.93. The company’s stock had a trading volume of 1,989,986 shares, compared to its average volume of 3,491,814. The business has a 50-day moving average price of $20.85 and a 200-day moving average price of $19.06. Mitsubishi UFJ Financial Group has a 1-year low of $13.86 and a 1-year high of $23.25. The stock has a market capitalization of $260.20 billion, a PE ratio of 15.55, a PEG ratio of 1.08 and a beta of 0.39. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.75.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MUFG. Erste Group Bank initiated coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They issued a “buy” rating on the stock. Mitsubishi UFJ Financial Group began coverage on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating on the stock. Finally, Weiss Ratings cut shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sivia Capital Partners LLC grew its holdings in Mitsubishi UFJ Financial Group by 68.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 35,190 shares of the company’s stock worth $483,000 after acquiring an additional 14,347 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Mitsubishi UFJ Financial Group by 9.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,908 shares of the company’s stock valued at $110,000 after purchasing an additional 616 shares during the period. Insigneo Advisory Services LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth $162,000. Wedbush Securities Inc. bought a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth $165,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter worth $162,000. 13.59% of the stock is currently owned by institutional investors and hedge funds.

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.