Mitsubishi UFJ Financial Group Inc. (MUFG) Volatility Spurs A Quest For Clarity


    Aristotle Capital Management LLC recently announced the acquisition of new stake in Mitsubishi UFJ Financial Group Inc. (NYSE:MUFG). The institutional investor has increased its shareholding in the Financial company by 4.65% to 60.22 million shares with purchase of 2.68 million shares. This fresh investment now brings its stake to 0.44% valued currently at $236.67 million. In addition, Renaissance Technologies LLC raised its holdings by 0.39 million to 5.26 million shares.

    With over 0.97 million Mitsubishi UFJ Financial Group Inc. (MUFG) shares trading Wednesday and a closing price of $3.86 on the day, the dollar volume was approximately $3.73 million. The shares have shown a negative weekly performance of -3.01% and its price on 07/22/20 lost nearly -0.26%. Currently, there are 12.84B common shares owned by the public and among those 12.73B shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for MUFG have a consensus price objective of $5.29. The analysts have set the share’s price value over the next 12 months at a high of $7.56 and a low of $3.72 should the stock experience a downside. The average price target is 33.79% above its last price level and an upside to the estimated low will see the stock lose -3.76% over that period. But an upside of 48.94% will see the stock hit the forecast high price target while mean target price for the stock is $5.08.

    The top 3 mutual fund holders in Mitsubishi UFJ Financial Group Inc. are Vanguard Windsor Funds – Vanguard, DFA International Value Series, and Harbor Large Cap Value Fund. Vanguard Windsor Funds – Vanguard owns 19.94 million shares of the company’s stock, all valued at over $78.35 million. The company sold -0.62 million shares recently to bring their total holdings to about 0.15% of the shares outstanding. DFA International Value Series sold 13998.0 shares to see its total holdings shrink to 4.2 million shares valued at over $16.5 million and representing 0.03% of the shares outstanding. Harbor Large Cap Value Fund bought 0.2 million shares to bring its total holdings to over 3.1 million shares at a value of $12.18 million. Harbor Large Cap Value Fund now owns shares totaling to 0.02% of the shares outstanding.

    Shares of Mitsubishi UFJ Financial Group Inc. (NYSE: MUFG) opened at $3.88, up $0.01 from a prior closing price of $3.87. However, the script later closed the day at $3.86, down -0.26%. The company’s stock has a 5-day price change of -3.01% and 2.11% over the past three months. MUFG shares are trading -28.73% year to date (YTD), with the 12-month market performance down to -21.02% lower. It has a 12-month low price of $3.32 and touched a high of $5.54 over the same period. Currently, 0.97 million shares have been traded, compared to an average intraday trading volume of 2.07 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.81%, -4.05%, and -16.21% respectively.

    Institutional ownership of Mitsubishi UFJ Financial Group Inc. (NYSE: MUFG) shares accounts for 1.50% of the company’s 12.84B shares outstanding. Mutual fund holders own 0.31%, while other institutional holders and individual stakeholders account for 0.89% and — respectively.

    It has a market capitalization of $53.35B and a beta (3y monthly) value of 1.23. The stock’s trailing 12-month PE ratio is 10.16, while the earnings-per-share (ttm) stands at $0.38. The company has a PEG of 1.30 and the debt-to-equity ratio at 2.38. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.26% over the week and 1.54% over the month.

    Analysts forecast that Mitsubishi UFJ Financial Group Inc. (MUFG) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to decrease by -38.80%, and 21.21% over the next financial year. EPS should grow at an annualized rate of 7.80% over the next five years, compared to -10.90% over the past 5-year period.

    Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 4 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the MUFG, a number of firms have released research notes about the stock. Goldman stated their Neutral rating for the stock in a research note on July 08, 2020, with the firm’s price target at.


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