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

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s share price 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 changing hands.

Wall Street Analyst Weigh In

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

Mitsubishi UFJ Financial Group Price Performance

The stock has a market capitalization of $179.25 billion, a P/E ratio of 13.61, a PEG ratio of 1.16 and a beta of 0.60. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06. The company has a fifty day simple moving average of $12.75 and a two-hundred day simple moving average of $11.67.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate 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%. Sell-side analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Institutional Trading of Mitsubishi UFJ Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Forum Financial Management LP increased its stake in shares of Mitsubishi UFJ Financial Group by 5.7% in the 4th quarter. Forum Financial Management LP now owns 357,561 shares of the company’s stock valued at $4,191,000 after acquiring an additional 19,122 shares during the last quarter. Toronto Dominion Bank bought a new stake in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at about $4,525,000. Vise Technologies Inc. grew its position in shares of Mitsubishi UFJ Financial Group by 70.4% in the 4th quarter. Vise Technologies Inc. now owns 202,221 shares of the company’s stock valued at $2,370,000 after purchasing an additional 83,545 shares during the period. Gordian Capital Singapore Pte Ltd grew its position in shares of Mitsubishi UFJ Financial Group by 74.5% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 105,000 shares of the company’s stock valued at $1,231,000 after purchasing an additional 44,826 shares during the period. Finally, Waverly Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at approximately $152,000. 13.59% of the stock is owned by institutional investors.

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.