Mitsubishi UFJ Financial Group (NYSE:MUFG) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Mitsubishi UFJ Financial Group (NYSE:MUFG) announced its quarterly earnings results on Thursday. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03, reports. Mitsubishi UFJ Financial Group had a return on equity of 7.45% and a net margin of 11.73%. The firm had revenue of $22.61 billion for the quarter.

Mitsubishi UFJ Financial Group Stock Down 11.1 %

MUFG traded down $1.23 during midday trading on Friday, hitting $9.82. 4,068,461 shares of the company traded hands, compared to its average volume of 1,846,953. The firm has a market capitalization of $115.15 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 0.95 and a beta of 0.61. The company’s 50-day moving average is $10.71 and its 200 day moving average is $10.22. Mitsubishi UFJ Financial Group has a 52 week low of $7.38 and a 52 week high of $11.72.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Catalina Capital Group LLC raised its stake in Mitsubishi UFJ Financial Group by 5.4% during the 2nd quarter. Catalina Capital Group LLC now owns 17,965 shares of the company’s stock worth $194,000 after acquiring an additional 918 shares during the period. First Affirmative Financial Network raised its stake in Mitsubishi UFJ Financial Group by 5.1% during the 2nd quarter. First Affirmative Financial Network now owns 19,463 shares of the company’s stock worth $210,000 after acquiring an additional 938 shares during the period. Traveka Wealth LLC raised its stake in Mitsubishi UFJ Financial Group by 2.7% during the 2nd quarter. Traveka Wealth LLC now owns 37,775 shares of the company’s stock worth $408,000 after acquiring an additional 980 shares during the period. LRI Investments LLC raised its stake in Mitsubishi UFJ Financial Group by 6.9% during the 2nd quarter. LRI Investments LLC now owns 15,156 shares of the company’s stock worth $164,000 after acquiring an additional 981 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in Mitsubishi UFJ Financial Group by 1.0% during 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 period. 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 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.