Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Short Interest Update
by Scott Moore · The Cerbat GemMitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 9,382,754 shares, a growth of 28.5% from the March 15th total of 7,301,534 shares. Based on an average daily trading volume, of 3,792,462 shares, the short-interest ratio is presently 2.5 days. Approximately 0.1% of the company’s stock are sold short.
Wall Street Analyst Weigh In
MUFG has been the topic of several recent research reports. UBS Group upgraded shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research note on Thursday, January 22nd. Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.
View Our Latest Research Report on Mitsubishi UFJ Financial Group
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Laurel Wealth Advisors LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter valued at about $26,000. Westside Investment Management Inc. grew its position in shares of Mitsubishi UFJ Financial Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 1,846 shares of the company’s stock valued at $29,000 after acquiring an additional 923 shares during the period. JPL Wealth Management LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the 3rd quarter valued at about $34,000. Redmont Wealth Advisors LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the 3rd quarter valued at about $35,000. Finally, Sound Income Strategies LLC grew its position in shares of Mitsubishi UFJ Financial Group by 716.4% in the 4th quarter. Sound Income Strategies LLC now owns 2,482 shares of the company’s stock valued at $39,000 after acquiring an additional 2,178 shares during the period. Institutional investors own 13.59% of the company’s stock.
Mitsubishi UFJ Financial Group Price Performance
MUFG stock traded up $0.16 during midday trading on Friday, hitting $18.54. The company’s stock had a trading volume of 4,359,703 shares, compared to its average volume of 3,151,034. Mitsubishi UFJ Financial Group has a twelve month low of $11.58 and a twelve month high of $20.15. The company’s fifty day moving average price is $17.89 and its 200 day moving average price is $16.74. The stock has a market capitalization of $219.97 billion, a P/E ratio of 16.26, a PEG ratio of 0.82 and a beta of 0.38.
Mitsubishi UFJ Financial Group (NYSE:MUFG – Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. Mitsubishi UFJ Financial Group had a net margin of 13.87% and a return on equity of 9.58%. Equities analysts expect that Mitsubishi UFJ Financial Group will post 0.99 EPS for the current fiscal year.
Mitsubishi UFJ Financial Group Company Profile
Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.
MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.