Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Sees Significant Growth in Short Interest

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) was the recipient of a large growth in short interest in 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 trading volume of 3,792,462 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.1% of the company’s stock are short sold.

Mitsubishi UFJ Financial Group Stock Performance

NYSE MUFG opened at $18.46 on Thursday. The firm has a market cap of $219.07 billion, a PE ratio of 16.19, a P/E/G ratio of 0.81 and a beta of 0.38. Mitsubishi UFJ Financial Group has a one year low of $11.50 and a one year high of $20.15. The firm’s fifty day moving average is $17.90 and its two-hundred day moving average is $16.71.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates 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%. Research analysts predict that Mitsubishi UFJ Financial Group will post 0.99 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Nations Financial Group Inc. IA ADV increased its stake in Mitsubishi UFJ Financial Group by 157.3% in the first quarter. Nations Financial Group Inc. IA ADV now owns 135,740 shares of the company’s stock valued at $2,304,000 after purchasing an additional 82,980 shares during the period. Rockefeller Capital Management L.P. increased its stake in Mitsubishi UFJ Financial Group by 160.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 104,592 shares of the company’s stock valued at $1,659,000 after purchasing an additional 64,502 shares during the period. World Investment Advisors acquired a new position in Mitsubishi UFJ Financial Group in the fourth quarter valued at $215,000. Corient Private Wealth LLC increased its stake in Mitsubishi UFJ Financial Group by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 142,121 shares of the company’s stock valued at $2,254,000 after purchasing an additional 4,895 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in Mitsubishi UFJ Financial Group by 722.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 8,516 shares of the company’s stock valued at $135,000 after purchasing an additional 7,481 shares during the period. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MUFG shares. 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. UBS Group upgraded shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

About Mitsubishi UFJ Financial Group

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.