Mitsubishi UFJ Financial Group (NYSE:MUFG) Sees Strong Trading Volume – Time to Buy?

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) saw strong trading volume on Monday . 9,559,240 shares were traded during mid-day trading, an increase of 220% from the previous session’s volume of 2,988,247 shares.The stock last traded at $14.64 and had previously closed at $14.98.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th.

Mitsubishi UFJ Financial Group Stock Performance

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 company has a market capitalization of $177.27 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60. The business has a 50 day moving average of $12.82 and a 200-day moving average of $11.72.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. On average, sell-side analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Institutional Trading of Mitsubishi UFJ Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Whipplewood Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at $29,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Mitsubishi UFJ Financial Group in the 3rd quarter worth about $55,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of 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 in the last quarter. Sierra Ocean LLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth about $62,000. Finally, Versant Capital Management Inc purchased a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth about $71,000. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Company Profile

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.