ValuEngine Upgrades Mitsubishi UFJ Financial Group Inc (MTU) to “Strong-Buy”

ValuEngine upgraded shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) from a buy rating to a strong-buy rating in a research report report published on Monday, October 16th.

Several other analysts also recently issued reports on MTU. BidaskClub downgraded shares of Mitsubishi UFJ Financial Group from a sell rating to a strong sell rating in a report on Saturday, August 12th. Zacks Investment Research raised shares of Mitsubishi UFJ Financial Group from a hold rating to a buy rating and set a $7.00 price target on the stock in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $7.00.

Shares of Mitsubishi UFJ Financial Group (NYSE:MTU) opened at 6.76 on Monday. The company has a market cap of $89.82 billion, a price-to-earnings ratio of 32.98 and a beta of 1.63. The firm has a 50 day moving average price of $6.38 and a 200-day moving average price of $6.37. Mitsubishi UFJ Financial Group has a 12-month low of $4.96 and a 12-month high of $7.01.

Mitsubishi UFJ Financial Group (NYSE:MTU) last announced its quarterly earnings results on Tuesday, August 1st. The bank reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.05. Mitsubishi UFJ Financial Group had a net margin of 16.99% and a return on equity of 6.59%. The company had revenue of $13.57 billion for the quarter. On average, equities analysts expect that Mitsubishi UFJ Financial Group will post $0.55 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of MTU. Proficio Capital Partners LLC increased its position in Mitsubishi UFJ Financial Group by 50.4% during the first quarter. Proficio Capital Partners LLC now owns 16,204 shares of the bank’s stock worth $102,000 after purchasing an additional 5,429 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of Mitsubishi UFJ Financial Group in the first quarter worth $103,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the second quarter worth $109,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Mitsubishi UFJ Financial Group in the first quarter worth $110,000. Finally, Ballentine Partners LLC increased its position in shares of Mitsubishi UFJ Financial Group by 21.2% in the second quarter. Ballentine Partners LLC now owns 18,627 shares of the bank’s stock worth $119,000 after acquiring an additional 3,263 shares in the last quarter. 1.08% of the stock is owned by hedge funds and other institutional investors.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company’s segments include Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group and Krungsri. The Company’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various fields of financial services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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