Mitsubishi UFJ Financial Group (MUFG) Sees Unusually-High Trading Volume

Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) shares saw strong trading volume on Friday . 3,612,840 shares changed hands during trading, an increase of 163% from the previous session’s volume of 1,374,048 shares.The stock last traded at $5.17 and had previously closed at $5.10.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 19th. UBS Group upgraded shares of Mitsubishi UFJ Financial Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 7th. Finally, ValuEngine downgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “strong sell” rating in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $7.50.

The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.95 and a current ratio of 0.93. The stock has a market capitalization of $67.83 billion, a P/E ratio of 7.28, a P/E/G ratio of 1.71 and a beta of 1.47.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Monday, February 4th. The company reported $0.16 EPS for the quarter. Mitsubishi UFJ Financial Group had a net margin of 15.31% and a return on equity of 6.30%. The business had revenue of $14.61 billion for the quarter. Equities research analysts expect that Mitsubishi UFJ Financial Group Inc will post 0.69 EPS for the current year.

A number of large investors have recently bought and sold shares of MUFG. Fifth Third Bancorp acquired a new position in shares of Mitsubishi UFJ Financial Group in the 3rd quarter worth approximately $449,000. Fisher Asset Management LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 128.8% in the 4th quarter. Fisher Asset Management LLC now owns 2,375,919 shares of the company’s stock worth $11,571,000 after purchasing an additional 1,337,336 shares during the period. Signaturefd LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the 3rd quarter worth approximately $465,000. Bailard Inc. acquired a new position in shares of Mitsubishi UFJ Financial Group in the 3rd quarter worth approximately $118,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Mitsubishi UFJ Financial Group in the 3rd quarter worth approximately $20,720,000. Institutional investors and hedge funds own 1.10% of the company’s stock.

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Mitsubishi UFJ Financial Group Company Profile (NYSE:MUFG)

Mitsubishi UFJ Financial Group, Inc, a bank holding company, provides financial services in Japan and internationally. Its Retail Banking Business Group segment offers a range of products and services, such as bank deposits, loans, asset management and administration services, investment products, and settlement services.

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