Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Up – Still a Buy?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) shares gapped up prior to trading on Friday . The stock had previously closed at $14.33, but opened at $14.79. Mitsubishi UFJ Financial Group shares last traded at $14.82, with a volume of 40,225,919 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th.

Mitsubishi UFJ Financial Group Price Performance

The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. The company has a 50-day moving average of $12.75 and a 200-day moving average of $11.67. The firm has a market capitalization of $179.25 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. As a group, research analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

A number of large investors have recently bought and sold shares of the company. Forum Financial Management LP raised its stake in shares of Mitsubishi UFJ Financial Group by 5.7% during the 4th quarter. Forum Financial Management LP now owns 357,561 shares of the company’s stock worth $4,191,000 after purchasing an additional 19,122 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth approximately $4,525,000. Vise Technologies Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 70.4% during the 4th quarter. Vise Technologies Inc. now owns 202,221 shares of the company’s stock worth $2,370,000 after purchasing an additional 83,545 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its stake in shares of Mitsubishi UFJ Financial Group by 74.5% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 105,000 shares of the company’s stock worth $1,231,000 after purchasing an additional 44,826 shares in the last quarter. Finally, Waverly Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth approximately $152,000. Institutional investors and hedge funds own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.