Mitsubishi UFJ Financial Group Inc (NYSE:MTU) was the recipient of a significant increase in short interest in January. As of January 12th, there was short interest totalling 4,015,921 shares, an increase of 46.2% from the December 29th total of 2,747,523 shares. Based on an average daily volume of 1,441,170 shares, the short-interest ratio is presently 2.8 days.
MTU has been the subject of a number of research reports. Daiwa Capital Markets lowered shares of Mitsubishi UFJ Financial Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. ValuEngine upgraded shares of Mitsubishi UFJ Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 16th. Finally, Zacks Investment Research lowered shares of Mitsubishi UFJ Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $7.00.
Mitsubishi UFJ Financial Group (MTU) opened at $7.29 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.85 and a current ratio of 0.85. Mitsubishi UFJ Financial Group has a 12-month low of $5.94 and a 12-month high of $8.11. The firm has a market cap of $95,287.75, a price-to-earnings ratio of 10.39, a P/E/G ratio of 1.34 and a beta of 1.65.
Mitsubishi UFJ Financial Group (NYSE:MTU) last issued its earnings results on Tuesday, November 14th. The bank reported $0.24 earnings per share for the quarter. Mitsubishi UFJ Financial Group had a net margin of 16.13% and a return on equity of 6.29%. The firm had revenue of $14.08 billion during the quarter. analysts expect that Mitsubishi UFJ Financial Group will post 0.68 EPS for the current year.
Several large investors have recently modified their holdings of MTU. Sicart Associates LLC bought a new position in Mitsubishi UFJ Financial Group during the fourth quarter valued at $109,000. Assetmark Inc. lifted its position in Mitsubishi UFJ Financial Group by 108.4% during the third quarter. Assetmark Inc. now owns 17,553 shares of the bank’s stock valued at $113,000 after purchasing an additional 9,132 shares during the last quarter. Private Advisor Group LLC bought a new position in Mitsubishi UFJ Financial Group during the third quarter valued at $114,000. Trexquant Investment LP bought a new position in Mitsubishi UFJ Financial Group during the third quarter valued at $116,000. Finally, Advisor Group Inc. lifted its position in Mitsubishi UFJ Financial Group by 18.1% during the second quarter. Advisor Group Inc. now owns 18,700 shares of the bank’s stock valued at $126,000 after purchasing an additional 2,869 shares during the last quarter. Hedge funds and other institutional investors own 1.00% of the company’s stock.
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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.
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