Mitsubishi UFJ Financial Group (NYSE:MUFG) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Mitsubishi UFJ Financial Group (NYSE:MUFG) issued its quarterly earnings results on Wednesday. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02, Zacks reports. The business had revenue of ($1,075.42) million for the quarter, compared to the consensus estimate of $9.30 billion. Mitsubishi UFJ Financial Group had a net margin of 13.98% and a return on equity of 9.39%.

Mitsubishi UFJ Financial Group Trading Down 1.7%

Shares of Mitsubishi UFJ Financial Group stock traded down $0.32 on Thursday, hitting $18.23. 3,520,079 shares of the company’s stock traded hands, compared to its average volume of 3,386,803. The firm’s 50-day moving average price is $16.79 and its two-hundred day moving average price is $15.73. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.85 and a quick ratio of 0.89. The stock has a market capitalization of $216.34 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 1.41 and a beta of 0.35. Mitsubishi UFJ Financial Group has a one year low of $10.46 and a one year high of $18.90.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MUFG shares. Zacks Research lowered shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. UBS Group raised Mitsubishi UFJ Financial Group to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MUFG. Northern Trust Corp grew its position in shares of Mitsubishi UFJ Financial Group by 1.9% during the 3rd quarter. Northern Trust Corp now owns 11,397,833 shares of the company’s stock worth $181,681,000 after buying an additional 211,265 shares during the period. Raymond James Financial Inc. boosted its stake in Mitsubishi UFJ Financial Group by 3.3% during the 2nd quarter. Raymond James Financial Inc. now owns 2,870,737 shares of the company’s stock worth $39,386,000 after acquiring an additional 92,220 shares during the last quarter. UBS Group AG grew its holdings in Mitsubishi UFJ Financial Group by 80.2% during the third quarter. UBS Group AG now owns 1,578,547 shares of the company’s stock valued at $25,162,000 after purchasing an additional 702,456 shares during the period. Quantinno Capital Management LP increased its stake in Mitsubishi UFJ Financial Group by 21.7% in the second quarter. Quantinno Capital Management LP now owns 1,323,481 shares of the company’s stock valued at $18,158,000 after purchasing an additional 236,395 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Mitsubishi UFJ Financial Group by 32.4% in the third quarter. Invesco Ltd. now owns 1,131,299 shares of the company’s stock worth $18,033,000 after purchasing an additional 276,612 shares during the period. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.