Mitsubishi UFJ Financial Group (NYSE:MUFG) Lowered to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) from a hold rating to a sell rating in a research report released on Tuesday.

Mitsubishi UFJ Financial Group Trading Up 1.4 %

MUFG opened at $13.00 on Tuesday. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92. The company’s 50 day simple moving average is $12.28 and its two-hundred day simple moving average is $11.36. The firm has a market capitalization of $156.93 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 1.16 and a beta of 0.61. Mitsubishi UFJ Financial Group has a 1-year low of $8.75 and a 1-year high of $13.34.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates 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%. Analysts expect that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Hedge funds 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 about $29,000. Venturi Wealth Management LLC raised its position in shares of Mitsubishi UFJ Financial Group by 72.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock valued at $54,000 after buying an additional 2,229 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Mitsubishi UFJ Financial Group in the third quarter valued at approximately $55,000. Steward Partners Investment Advisory LLC grew 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 acquiring an additional 1,279 shares during the period. Finally, Sierra Ocean LLC acquired a new stake in Mitsubishi UFJ Financial Group during 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.