Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down to $10.44

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $10.44, but opened at $10.12. Mitsubishi UFJ Financial Group shares last traded at $10.15, with a volume of 148,943 shares traded.

Mitsubishi UFJ Financial Group Stock Down 2.4 %

The company has a debt-to-equity ratio of 2.25, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $119.49 billion, a P/E ratio of 11.66, a P/E/G ratio of 0.88 and a beta of 0.60. The stock’s 50 day simple moving average is $10.55 and its two-hundred day simple moving average is $10.37.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Thursday, August 1st. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.03. The business had revenue of $22.61 billion for the quarter. Mitsubishi UFJ Financial Group had a return on equity of 7.46% and a net margin of 11.73%. As a group, research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Catalina Capital Group LLC grew its stake in Mitsubishi UFJ Financial Group by 5.4% during the second quarter. Catalina Capital Group LLC now owns 17,965 shares of the company’s stock valued at $194,000 after acquiring an additional 918 shares in the last quarter. First Affirmative Financial Network lifted its position in shares of Mitsubishi UFJ Financial Group by 5.1% in the second quarter. First Affirmative Financial Network now owns 19,463 shares of the company’s stock worth $210,000 after buying an additional 938 shares in the last quarter. Traveka Wealth LLC boosted its stake in Mitsubishi UFJ Financial Group by 2.7% during the second quarter. Traveka Wealth LLC now owns 37,775 shares of the company’s stock valued at $408,000 after buying an additional 980 shares during the last quarter. LRI Investments LLC boosted its stake in Mitsubishi UFJ Financial Group by 6.9% during the second quarter. LRI Investments LLC now owns 15,156 shares of the company’s stock valued at $164,000 after buying an additional 981 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Mitsubishi UFJ Financial Group by 1.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 101,421 shares of the company’s stock worth $1,095,000 after acquiring an additional 1,002 shares during the last quarter. 13.59% of the stock is owned by 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.