Mitsubishi UFJ Financial Group Inc (NYSE:MTU) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 2,227,378 shares, a drop of 35.4% from the August 15th total of 3,446,022 shares. Based on an average daily trading volume, of 1,313,366 shares, the days-to-cover ratio is presently 1.7 days.

Shares of Mitsubishi UFJ Financial Group (NYSE MTU) opened at 6.48 on Monday. The stock’s 50 day moving average is $6.20 and its 200-day moving average is $6.37. Mitsubishi UFJ Financial Group has a 1-year low of $4.83 and a 1-year high of $7.01. The firm has a market cap of $86.10 billion, a PE ratio of 31.61 and a beta of 1.62.

Mitsubishi UFJ Financial Group (NYSE:MTU) last posted its quarterly earnings results on Tuesday, August 1st. The bank reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.05. The company had revenue of $13.57 billion during the quarter. Mitsubishi UFJ Financial Group had a net margin of 16.99% and a return on equity of 6.59%. Analysts expect that Mitsubishi UFJ Financial Group will post $0.55 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Counselors Inc. grew its position in Mitsubishi UFJ Financial Group by 0.7% during the first quarter. Financial Counselors Inc. now owns 33,247 shares of the bank’s stock valued at $211,000 after buying an additional 234 shares during the period. Moors & Cabot Inc. boosted its position in Mitsubishi UFJ Financial Group by 3.8% during the second quarter. Moors & Cabot Inc. now owns 68,505 shares of the bank’s stock worth $462,000 after purchasing an additional 2,500 shares during the period. Advisor Group Inc. boosted its position in Mitsubishi UFJ Financial Group by 18.1% during the second quarter. Advisor Group Inc. now owns 18,700 shares of the bank’s stock worth $126,000 after purchasing an additional 2,869 shares during the period. HighTower Advisors LLC boosted its position in Mitsubishi UFJ Financial Group by 13.7% during the second quarter. HighTower Advisors LLC now owns 24,147 shares of the bank’s stock worth $162,000 after purchasing an additional 2,911 shares during the period. Finally, Ronald Blue & Co. LLC boosted its position in Mitsubishi UFJ Financial Group by 19.4% during the second quarter. Ronald Blue & Co. LLC now owns 18,127 shares of the bank’s stock worth $122,000 after purchasing an additional 2,948 shares during the period. Institutional investors own 1.08% of the company’s stock.

A number of analysts have recently issued reports on MTU shares. BidaskClub upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Zacks Investment Research upgraded shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a research note on Tuesday, July 4th. Finally, ValuEngine cut shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Mitsubishi UFJ Financial Group presently has an average rating of “Buy” and a consensus price target of $7.00.

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Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company’s segments include Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group and Krungsri. The Company’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various fields of financial services.

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