Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down – Time to Sell?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) shares gapped down prior to trading on Wednesday . The stock had previously closed at $10.59, but opened at $10.20. Mitsubishi UFJ Financial Group shares last traded at $10.24, with a volume of 115,784 shares traded.

Mitsubishi UFJ Financial Group Price Performance

The firm has a market capitalization of $119.72 billion, a P/E ratio of 11.79, a PEG ratio of 0.95 and a beta of 0.59. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.25. The business’s 50-day simple moving average is $10.40 and its 200 day simple moving average is $10.38.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Thursday, August 1st. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. Mitsubishi UFJ Financial Group had a net margin of 11.73% and a return on equity of 7.46%. The company had revenue of $22.61 billion for the quarter. Sell-side analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.95 earnings per share for the current year.

Institutional Trading of Mitsubishi UFJ Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norden Group LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter worth about $2,219,000. Diversify Advisory Services LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth approximately $941,000. Capital Wealth Planning LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 25.7% during the first quarter. Capital Wealth Planning LLC now owns 454,363 shares of the company’s stock valued at $4,648,000 after buying an additional 92,848 shares during the period. Blue Trust Inc. boosted its holdings in Mitsubishi UFJ Financial Group by 98.7% in the third quarter. Blue Trust Inc. now owns 125,734 shares of the company’s stock valued at $1,358,000 after acquiring an additional 62,449 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in Mitsubishi UFJ Financial Group by 23.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 662,715 shares of the company’s stock valued at $6,780,000 after purchasing an additional 125,467 shares during the period. Institutional investors own 13.59% of the company’s stock.

About Mitsubishi UFJ Financial Group

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.