FY2023 EPS Estimates for Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Lifted by Analyst

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFGGet Rating) – Equities researchers at Jefferies Financial Group increased their FY2023 EPS estimates for Mitsubishi UFJ Financial Group in a research report issued to clients and investors on Monday, January 23rd. Jefferies Financial Group analyst H. Ban now anticipates that the company will post earnings per share of $0.68 for the year, up from their prior estimate of $0.66. The consensus estimate for Mitsubishi UFJ Financial Group’s current full-year earnings is $0.63 per share. Jefferies Financial Group also issued estimates for Mitsubishi UFJ Financial Group’s FY2025 earnings at $0.83 EPS.

Mitsubishi UFJ Financial Group (NYSE:MUFGGet Rating) last released its quarterly earnings results on Monday, November 14th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. Mitsubishi UFJ Financial Group had a net margin of 8.07% and a return on equity of 4.24%. The firm had revenue of $15.57 billion during the quarter.

Other research analysts have also recently issued reports about the stock. StockNews.com started coverage on shares of Mitsubishi UFJ Financial Group in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. The Goldman Sachs Group initiated coverage on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, December 15th. They issued a “conviction-buy” rating for the company.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE MUFG opened at $7.38 on Wednesday. The firm has a market capitalization of $90.93 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.54 and a beta of 0.68. The company has a quick ratio of 0.92, a current ratio of 0.89 and a debt-to-equity ratio of 2.69. The stock’s 50-day simple moving average is $6.19 and its two-hundred day simple moving average is $5.43. Mitsubishi UFJ Financial Group has a twelve month low of $4.31 and a twelve month high of $7.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MUFG. LMR Partners LLP purchased a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter valued at approximately $11,251,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of Mitsubishi UFJ Financial Group during the third quarter valued at $8,965,000. Goldman Sachs Group Inc. boosted its position in shares of Mitsubishi UFJ Financial Group by 24.0% during the first quarter. Goldman Sachs Group Inc. now owns 10,032,410 shares of the company’s stock valued at $62,100,000 after buying an additional 1,943,618 shares during the last quarter. Capricorn Fund Managers Ltd increased its holdings in Mitsubishi UFJ Financial Group by 277.7% in the 4th quarter. Capricorn Fund Managers Ltd now owns 1,405,060 shares of the company’s stock worth $9,372,000 after buying an additional 1,033,067 shares in the last quarter. Finally, OLD Mission Capital LLC purchased a new position in Mitsubishi UFJ Financial Group in the 3rd quarter worth about $2,636,000. Hedge funds and other institutional investors own 1.62% of the company’s stock.

Mitsubishi UFJ Financial Group Company Profile

(Get Rating)

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.

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