Mitsubishi UFJ Financial Group (NYSE:MUFG) Sees Strong Trading Volume – Still a Buy?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) saw unusually-strong trading volume on Wednesday . Approximately 5,918,976 shares were traded during mid-day trading, an increase of 85% from the previous session’s volume of 3,192,775 shares.The stock last traded at $13.22 and had previously closed at $13.30.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday.

Mitsubishi UFJ Financial Group Stock Performance

The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92. The company’s fifty day moving average price is $13.12 and its 200 day moving average price is $11.92. The company has a market cap of $133.29 billion, a PE ratio of 10.13, a P/E/G ratio of 1.16 and a beta of 0.39.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. On average, equities research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MUFG. Northern Trust Corp boosted its holdings in shares of Mitsubishi UFJ Financial Group by 46.6% in the 4th quarter. Northern Trust Corp now owns 10,522,079 shares of the company’s stock worth $123,319,000 after buying an additional 3,342,330 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Mitsubishi UFJ Financial Group by 325.9% in the fourth quarter. Clearbridge Investments LLC now owns 3,822,530 shares of the company’s stock valued at $44,800,000 after acquiring an additional 2,924,979 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at approximately $29,252,000. Royal Bank of Canada increased its stake in shares of Mitsubishi UFJ Financial Group by 40.4% during the 4th quarter. Royal Bank of Canada now owns 6,021,271 shares of the company’s stock worth $70,570,000 after purchasing an additional 1,731,873 shares during the last quarter. Finally, Artemis Investment Management LLP bought a new stake in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth approximately $10,880,000. Institutional investors own 13.59% of the company’s stock.

About Mitsubishi UFJ Financial Group

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.