StockNews.com Downgrades Mitsubishi UFJ Financial Group (NYSE:MUFG) to Sell

Mitsubishi UFJ Financial Group (NYSE:MUFG) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Mitsubishi UFJ Financial Group Price Performance

Mitsubishi UFJ Financial Group stock traded up $0.32 during trading hours on Tuesday, hitting $12.89. 6,200,544 shares of the company traded hands, compared to its average volume of 3,037,221. Mitsubishi UFJ Financial Group has a 1-year low of $8.75 and a 1-year high of $13.34. The firm has a market cap of $155.49 billion, a P/E ratio of 11.82, a P/E/G ratio of 1.16 and a beta of 0.61. The firm’s 50-day simple moving average is $12.23 and its two-hundred day simple moving average is $11.34. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. As a group, analysts forecast that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MUFG. Whipplewood Advisors LLC acquired a new stake in Mitsubishi UFJ Financial Group in the 4th quarter valued at about $29,000. Venturi Wealth Management LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 72.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock worth $54,000 after purchasing an additional 2,229 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Mitsubishi UFJ Financial Group during the third quarter valued at approximately $55,000. Steward Partners Investment Advisory LLC boosted its holdings in Mitsubishi UFJ Financial Group by 33.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock worth $59,000 after buying an additional 1,279 shares in the last quarter. Finally, Sierra Ocean LLC bought a new stake in Mitsubishi UFJ Financial Group during the fourth quarter worth approximately $62,000. 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, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.