Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) Given Average Recommendation of “Hold” by Analysts

Shares of Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) have earned a consensus rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company.

Several brokerages recently weighed in on MUFG. Goldman Sachs Group downgraded shares of Mitsubishi UFJ Financial Group from a “buy” rating to a “neutral” rating in a report on Wednesday, July 8th. Daiwa Capital Markets raised shares of Mitsubishi UFJ Financial Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 3rd. Finally, ValuEngine raised shares of Mitsubishi UFJ Financial Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 8th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ritholtz Wealth Management purchased a new position in Mitsubishi UFJ Financial Group in the 1st quarter valued at $41,000. GSA Capital Partners LLP purchased a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth $41,000. Ellevest Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group by 70.6% during the 1st quarter. Ellevest Inc. now owns 11,479 shares of the company’s stock worth $42,000 after acquiring an additional 4,749 shares during the period. Townsquare Capital LLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth $50,000. Finally, CAPROCK Group Inc. purchased a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth $56,000. 1.25% of the stock is currently owned by institutional investors and hedge funds.

NYSE:MUFG traded down $0.09 during midday trading on Friday, hitting $3.74. The company’s stock had a trading volume of 991,341 shares, compared to its average volume of 1,250,301. Mitsubishi UFJ Financial Group has a fifty-two week low of $3.32 and a fifty-two week high of $5.54. The firm’s 50 day moving average is $3.97 and its 200-day moving average is $4.26. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $48.02 billion, a P/E ratio of 9.84, a P/E/G ratio of 6.38 and a beta of 1.22.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.07 earnings per share for the quarter. Mitsubishi UFJ Financial Group had a net margin of 7.22% and a return on equity of 5.32%. The company had revenue of $18.32 billion for the quarter. As a group, analysts forecast that Mitsubishi UFJ Financial Group will post 0.51 EPS for the current year.

About Mitsubishi UFJ Financial Group

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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