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

StockNews.com cut shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) from a hold rating to a sell rating in a report issued on Monday.

Mitsubishi UFJ Financial Group Stock Down 1.9 %

MUFG stock opened at $14.37 on Monday. The firm has a market cap of $173.35 billion, a PE ratio of 13.18, a PEG ratio of 1.16 and a beta of 0.60. Mitsubishi UFJ Financial Group has a 1 year low of $8.75 and a 1 year high of $15.03. The company has a fifty day simple moving average of $12.97 and a 200 day simple moving average of $11.80. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. Sell-side analysts anticipate that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Institutional investors have recently modified their holdings of the company. Whipplewood Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group in the 4th quarter valued at $29,000. Wilmington Savings Fund Society FSB bought a new stake in Mitsubishi UFJ Financial Group during the third quarter valued at about $55,000. Steward Partners Investment Advisory LLC grew its position in shares of Mitsubishi UFJ Financial Group by 33.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock valued at $59,000 after purchasing an additional 1,279 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the fourth quarter worth about $62,000. Finally, Versant Capital Management Inc acquired a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth about $71,000. 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.