Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down – Here’s Why

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) gapped down prior to trading on Tuesday . The stock had previously closed at $13.63, but opened at $13.32. Mitsubishi UFJ Financial Group shares last traded at $13.25, with a volume of 975,327 shares.

Analyst Ratings Changes

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

Mitsubishi UFJ Financial Group Price Performance

The stock has a market capitalization of $161.04 billion, a P/E ratio of 12.24, a PEG ratio of 1.16 and a beta of 0.60. 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 firm has a fifty day moving average price of $13.09 and a two-hundred day moving average price of $11.89.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) 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%. As a group, 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

Large investors have recently added to or reduced their stakes in the business. Whipplewood Advisors LLC bought a new position in Mitsubishi UFJ Financial Group in the fourth quarter worth approximately $29,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Mitsubishi UFJ Financial Group in the 3rd quarter worth $55,000. Steward Partners Investment Advisory LLC raised its holdings in Mitsubishi UFJ Financial Group by 33.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock worth $59,000 after purchasing an additional 1,279 shares during the period. Sierra Ocean LLC purchased a new position in Mitsubishi UFJ Financial Group during the fourth quarter valued at $62,000. Finally, Versant Capital Management Inc bought a new stake in Mitsubishi UFJ Financial Group during the fourth quarter valued at about $71,000. 13.59% of the stock is currently 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.