Mitsubishi UFJ Financial Group (NYSE:MUFG) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Mitsubishi UFJ Financial Group (NYSE:MUFG) posted its quarterly earnings data on Thursday. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03, reports. Mitsubishi UFJ Financial Group had a return on equity of 7.45% and a net margin of 11.73%. The firm had revenue of $22.61 billion during the quarter.

Mitsubishi UFJ Financial Group Price Performance

NYSE MUFG traded down $1.23 during mid-day trading on Friday, hitting $9.82. The stock had a trading volume of 4,068,461 shares, compared to its average volume of 1,846,953. The firm’s 50 day moving average is $10.71 and its 200 day moving average is $10.22. Mitsubishi UFJ Financial Group has a twelve month low of $7.38 and a twelve month high of $11.72. The stock has a market capitalization of $115.15 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 0.95 and a beta of 0.61.

Institutional Trading of Mitsubishi UFJ Financial Group

Several large investors have recently added to or reduced their stakes in MUFG. Norden Group LLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth $2,219,000. Augustine Asset Management Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 310.1% during the 4th quarter. Augustine Asset Management Inc. now owns 236,727 shares of the company’s stock worth $2,038,000 after purchasing an additional 178,998 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Mitsubishi UFJ Financial Group by 6.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,731,206 shares of the company’s stock worth $14,906,000 after purchasing an additional 108,026 shares during the period. Federated Hermes Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 8,010.6% during the 4th quarter. Federated Hermes Inc. now owns 466,601 shares of the company’s stock worth $4,017,000 after purchasing an additional 460,848 shares during the period. Finally, Diversify Advisory Services LLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth $941,000. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments.