why Mitsubishi UFJ Financial Group Inc. [MUFG] is a Good Choice for Investors After New Price Target of $6.63

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Mitsubishi UFJ Financial Group Inc. [NYSE: MUFG] traded at a high on 07/18/22, posting a 0.39 gain after which it closed the day’ session at $5.17. The company report on July 10, 2022 that Mitsubishi UFJ Financial Group, Inc. Announces Filing of Annual Report on Form 20-F for the Year Ended March 31, 2022.


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Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)(TOKYO:8306)(ISIN:JP3902900004)(MUFG) hereby announces that it has filed its Annual Report on Form 20-F for the fiscal year ended March 31, 2022 (the “Annual Report”) with the U.S. Securities and Exchange Commission on July 8, 2022. The Annual Report includes MUFG’s audited consolidated financial statements prepared under U.S. GAAP as of and for the fiscal year ended March 31, 2022.

The Annual Report is available on our website at the following website address:https://www.mufg.jp/english/ir/report/form20-f/.

The results of the trading session contributed to over 5482807 shares changing hands. Over the past one week, the price volatility of Mitsubishi UFJ Financial Group Inc. stands at 1.54% while the volatility over the past one month is 1.61%.

The market cap for MUFG stock reached $69.74 billion, with 12.66 billion shares outstanding and 12.36 billion shares in the current float. Compared to the average trading volume of 3.61M shares, MUFG reached a trading volume of 5482807 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Mitsubishi UFJ Financial Group Inc. [MUFG]?

BofA Securities have made an estimate for Mitsubishi UFJ Financial Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 27, 2022. The new note on the price target was released on January 13, 2021, representing the official price target for Mitsubishi UFJ Financial Group Inc. stock.

The Average True Range (ATR) for Mitsubishi UFJ Financial Group Inc. is set at 0.11, with the Price to Sales ratio for MUFG stock in the period of the last 12 months amounting to 3.74. The Price to Book ratio for the last quarter was 0.53, with the Price to Cash per share for the same quarter was set at 82.69.

How has MUFG stock performed recently?

Mitsubishi UFJ Financial Group Inc. [MUFG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.26. With this latest performance, MUFG shares dropped by -6.68% in over the last four-week period, additionally sinking by -17.15% over the last 6 months – not to mention a drop of -2.08% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MUFG stock in for the last two-week period is set at 36.04, with the RSI for the last a single of trading hit 33.35, and the three-weeks RSI is set at 37.88 for Mitsubishi UFJ Financial Group Inc. [MUFG]. The present Moving Average for the last 50 days of trading for this stock 5.56, while it was recorded at 5.24 for the last single week of trading, and 5.84 for the last 200 days.

Mitsubishi UFJ Financial Group Inc. [MUFG]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Mitsubishi UFJ Financial Group Inc. [MUFG] shares currently have an operating margin of +24.54. Mitsubishi UFJ Financial Group Inc.’s Net Margin is presently recorded at +20.63.

Return on Total Capital for MUFG is now 1.42, given the latest momentum, and Return on Invested Capital for the company is 2.38. Return on Equity for this stock inclined to 6.69, with Return on Assets sitting at 0.31. When it comes to the capital structure of this company, Mitsubishi UFJ Financial Group Inc. [MUFG] has a Total Debt to Total Equity ratio set at 468.09. Additionally, MUFG Total Debt to Total Capital is recorded at 82.40, with Total Debt to Total Assets ending up at 21.32. Long-Term Debt to Equity for the company is recorded at 178.13, with the Long-Term Debt to Total Capital now at 31.36.

Reflecting on the efficiency of the workforce at the company, Mitsubishi UFJ Financial Group Inc. [MUFG] managed to generate an average of $8,373,561 per employee.

Earnings analysis for Mitsubishi UFJ Financial Group Inc. [MUFG]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MUFG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Mitsubishi UFJ Financial Group Inc. go to 18.90%.

Insider trade positions for Mitsubishi UFJ Financial Group Inc. [MUFG]

There are presently around $1,078 million, or 1.90% of MUFG stock, in the hands of institutional investors. The top three institutional holders of MUFG stocks are: ARISTOTLE CAPITAL MANAGEMENT, LLC with ownership of 82,671,326, which is approximately -2.447% of the company’s market cap and around 5.00% of the total institutional ownership; BANK OF AMERICA CORP /DE/, holding 17,389,091 shares of the stock with an approximate value of $89.55 million in MUFG stocks shares; and GOLDMAN SACHS GROUP INC, currently with $51.67 million in MUFG stock with ownership of nearly 24.029% of the company’s market capitalization.

Positions in Mitsubishi UFJ Financial Group Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 138 institutional holders increased their position in Mitsubishi UFJ Financial Group Inc. [NYSE:MUFG] by around 17,980,002 shares. Additionally, 89 investors decreased positions by around 8,185,349 shares, while 43 investors held positions by with 183,193,068 shares. The mentioned changes placed institutional holdings at 209,358,419 shares, according to the latest SEC report filing. MUFG stock had 37 new institutional investments in for a total of 1,206,577 shares, while 24 institutional investors sold positions of 1,105,222 shares during the same period.

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