StockNews.com Downgrades Mitsubishi UFJ Financial Group (NYSE:MUFG) to Sell

Mitsubishi UFJ Financial Group (NYSE:MUFG) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE MUFG traded down $0.34 during midday trading on Monday, reaching $14.65. 14,555,453 shares of the company were exchanged, compared to its average volume of 3,007,459. The stock’s 50-day moving average price is $12.87 and its 200-day moving average price is $11.75. The stock has a market cap of $176.73 billion, a P/E ratio of 13.44, a PEG ratio of 1.16 and a beta of 0.60. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. Mitsubishi UFJ Financial Group has a one year low of $8.75 and a one year high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings data 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%. On average, sell-side analysts anticipate that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Whipplewood Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group during the 4th quarter worth approximately $29,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Mitsubishi UFJ Financial Group in the third quarter worth $55,000. Steward Partners Investment Advisory LLC increased its holdings in Mitsubishi UFJ Financial Group by 33.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock valued at $59,000 after purchasing an additional 1,279 shares during the period. Sierra Ocean LLC bought a new position in Mitsubishi UFJ Financial Group during the 4th quarter worth $62,000. Finally, Versant Capital Management Inc acquired a new position in Mitsubishi UFJ Financial Group during the 4th quarter worth about $71,000. Institutional investors 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.