Mitsubishi UFJ Financial Group (NYSE:MUFG) Sees Strong Trading Volume – Here’s What Happened

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) saw an uptick in trading volume on Friday . 4,158,624 shares changed hands during trading, an increase of 69% from the previous session’s volume of 2,457,514 shares.The stock last traded at $13.63 and had previously closed at $13.17.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th.

Mitsubishi UFJ Financial Group Stock Performance

The company has a market cap of $165.03 billion, a PE ratio of 12.55, a PEG ratio of 1.16 and a beta of 0.60. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. The company has a 50-day moving average of $12.58 and a 200-day moving average of $11.57.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MUFG. Whipplewood Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group in the fourth quarter worth $29,000. Venturi Wealth Management LLC boosted its position in Mitsubishi UFJ Financial Group by 72.8% in the third 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 during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Mitsubishi UFJ Financial Group in the third quarter worth $55,000. Steward Partners Investment Advisory LLC boosted its position in 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 worth $59,000 after purchasing an additional 1,279 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new position in Mitsubishi UFJ Financial Group in the fourth quarter worth $62,000. Hedge funds and other 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.