Erste Group Bank Issues Positive Estimate for MUFG Earnings

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) – Stock analysts at Erste Group Bank boosted their FY2027 earnings per share (EPS) estimates for shares of Mitsubishi UFJ Financial Group in a note issued to investors on Wednesday, August 5th. Erste Group Bank analyst H. Engel now forecasts that the company will earn $1.57 per share for the year, up from their previous forecast of $1.48. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Mitsubishi UFJ Financial Group’s current full-year earnings is $1.54 per share. Erste Group Bank also issued estimates for Mitsubishi UFJ Financial Group’s FY2028 earnings at $1.76 EPS.

Other equities research analysts have also recently issued reports about the stock. Mitsubishi UFJ Financial Group initiated coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating for the company. Weiss Ratings lowered shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Trading Down 0.6%

NYSE MUFG opened at $22.11 on Wednesday. The firm’s 50-day moving average is $21.25 and its two-hundred day moving average is $19.22. Mitsubishi UFJ Financial Group has a 12 month low of $14.62 and a 12 month high of $23.25. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $262.41 billion, a P/E ratio of 14.45, a PEG ratio of 1.02 and a beta of 0.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.10. The firm had revenue of $15.11 billion during the quarter, compared to the consensus estimate of $10.06 billion. Mitsubishi UFJ Financial Group had a return on equity of 12.30% and a net margin of 17.63%.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Several hedge funds have recently bought and sold shares of the company. Elevation Wealth Partners LLC purchased a new position in Mitsubishi UFJ Financial Group during the 2nd quarter valued at about $25,000. Laurel Wealth Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group during the fourth quarter worth about $26,000. Whipplewood Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth about $29,000. Signature Equity Partners LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 73.0% during the first quarter. Signature Equity Partners LLC now owns 1,697 shares of the company’s stock worth $29,000 after purchasing an additional 716 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 13.59% of the company’s stock.

About Mitsubishi UFJ Financial Group

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.