The stock of Mitsubishi UFJ Financial Group Inc. (NYSE:MUFG) last traded at $7.51, up 0.40% from the previous session.
Data from the available sources indicates that Mitsubishi UFJ Financial Group Inc. (NYSE:MUFG) is covered by 15 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $9.60 and a low of $6.19, we find $8.41. Given the previous closing price of $7.48, this indicates a potential upside of 12.43 percent. MUFG stock price is now 6.09% away from the 50-day moving average and 17.62% away from the 200-day moving average. The market capitalization of the company currently stands at $96.90B.
In total, 4 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $8.34 as their price target over the next twelve months.
A total of 5.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MUFG stock. A new stake in Mitsubishi UFJ Financial Group Inc. shares was purchased by MARSHALL WACE, LLP during the first quarter worth $40,839,000. INVESCO LTD. invested $24,042,000 in shares of MUFG during the first quarter. In the first quarter, HERR INVESTMENT GROUP LLC acquired a new stake in Mitsubishi UFJ Financial Group Inc. valued at approximately $11,644,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in MUFG for approximately $9,149,000. BAMCO INC /NY/ purchased a new stake in MUFG valued at around $4,086,000 in the second quarter. In total, there are 316 active investors with 1.90% ownership of the company’s stock.
With an opening price of $7.54 on Tuesday morning, Mitsubishi UFJ Financial Group Inc. (NYSE: MUFG) set off the trading day. During the past 12 months, Mitsubishi UFJ Financial Group Inc. has had a low of $4.31 and a high of $7.87. The fifty day moving average price for MUFG is $7.10 and a two-hundred day moving average price translates $6.40 for the stock.
The latest earnings results from Mitsubishi UFJ Financial Group Inc. (NYSE: MUFG) was released for Mar, 2023. The net profit margin was 21.10% and return on equity was 6.60% for MUFG.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2022. Investors who held shares on 09/30/2022 were paid a $0.117682 dividend. On an annualized basis, this represents a $0.23 dividend and a 3.04% percent yield. There was an ex-dividend date of 09/29/2022 for this dividend. In terms of dividend payout ratio, MUFG is presently at 34.93%.
Mitsubishi UFJ Financial Group Inc.(MUFG) Company Profile
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. The company offers commercial banking, trust banking, and securities products and services to retail, and small and medium-sized enterprise customers. It also provides M&As and real estate-related services; digital-based financial services; credit cards; and trust banking and securities products and services, as well as engages in the lending, fund settlement, and foreign exchange businesses. In addition, it offers corporate, investment, and transaction banking services for large corporate and financial institutions; asset management and administration services for corporations and pension funds; loans, deposits, fund transfers, and investments services for retail, small and medium-sized enterprise, as well as corporate customers; fixed income instruments, currencies, equities, and other investment products; originates and distributes of financial products; and provides treasury services. The company was founded in 1880 and is headquartered in Tokyo, Japan.
