Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down to $10.76

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) gapped down before the market opened on Wednesday . The stock had previously closed at $10.76, but opened at $10.43. Mitsubishi UFJ Financial Group shares last traded at $10.45, with a volume of 206,243 shares trading hands.

Mitsubishi UFJ Financial Group Price Performance

The stock has a 50-day moving average of $10.67 and a two-hundred day moving average of $10.36. The firm has a market cap of $121.89 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 0.90 and a beta of 0.61. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.25.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Thursday, August 1st. The company reported $0.30 EPS for the quarter, topping the consensus estimate 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 during the quarter. On average, analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.88 EPS for the current year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in MUFG. Sanctuary Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group in the second quarter worth $1,617,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Mitsubishi UFJ Financial Group during the 2nd quarter worth about $498,000. Clearbridge Investments LLC boosted its position in Mitsubishi UFJ Financial Group by 0.3% during the 2nd quarter. Clearbridge Investments LLC now owns 894,456 shares of the company’s stock worth $9,660,000 after acquiring an additional 2,629 shares during the period. Cetera Investment Advisers grew its stake in Mitsubishi UFJ Financial Group by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 132,025 shares of the company’s stock valued at $1,426,000 after acquiring an additional 2,657 shares in the last quarter. Finally, Truist Financial Corp increased its holdings in shares of Mitsubishi UFJ Financial Group by 0.5% in the 2nd quarter. Truist Financial Corp now owns 398,383 shares of the company’s stock valued at $4,303,000 after purchasing an additional 1,837 shares during the period. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

About Mitsubishi UFJ Financial Group

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.