Mitsubishi UFJ Financial Group Inc. [MUFG] is -1.80% lower this YTD. Is it still time to buy?

Mitsubishi UFJ Financial Group Inc. [NYSE: MUFG] slipped around -0.14 points on Thursday, while shares priced at $6.55 at the close of the session, down -2.09%. The company report on April 19, 2023 at 1:30 PM that MUFG expands technology banking coverage team.

Bob Blee, Brian Boatman, Brian Fitzpatrick, Mike Shuhy, and John Atanasoff join MUFG.

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Significant team expansion includes addition of at least 20 new team members to support MUFG’s commitment to the innovation ecosystem.

Mitsubishi UFJ Financial Group Inc. stock is now -1.80% down from its year-to-date (YTD) trading value. MUFG Stock saw the intraday high of $6.63 and lowest of $6.524 per share. The company’s 52-week high price is 7.71, which means current price is +8.26% above from all time high which was touched on 01/13/23.

Compared to the average trading volume of 5.39M shares, MUFG reached a trading volume of 7212350 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]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MUFG shares is $8.13 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MUFG stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

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 0.12, with the Price to Sales ratio for MUFG stock in the period of the last 12 months amounting to 2.42. The Price to Book ratio for the last quarter was 0.64, with the Price to Cash per share for the same quarter was set at 93.78.

How has MUFG stock performed recently?

Mitsubishi UFJ Financial Group Inc. [MUFG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.55. With this latest performance, MUFG shares gained by 2.50% in over the last four-week period, additionally plugging by 43.33% over the last 6 months – not to mention a rise of 10.08% 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 50.55, with the RSI for the last a single of trading hit 53.75, and the three-weeks RSI is set at 48.92 for Mitsubishi UFJ Financial Group Inc. [MUFG]. The present Moving Average for the last 50 days of trading for this stock 6.75, while it was recorded at 6.58 for the last single week of trading, and 5.83 for the last 200 days.

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 7.50%.

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

There are presently around $1,419 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 78,385,115, which is approximately -5.139% of the company’s market cap and around 5.00% of the total institutional ownership; BANK OF AMERICA CORP /DE/, holding 18,739,399 shares of the stock with an approximate value of $125.37 million in MUFG stocks shares; and NATIXIS ADVISORS, L.P., currently with $72.79 million in MUFG stock with ownership of nearly 42.335% of the company’s market capitalization.

150 institutional holders increased their position in Mitsubishi UFJ Financial Group Inc. [NYSE:MUFG] by around 23,571,870 shares. Additionally, 111 investors decreased positions by around 17,961,319 shares, while 45 investors held positions by with 170,598,057 shares. The mentioned changes placed institutional holdings at 212,131,246 shares, according to the latest SEC report filing. MUFG stock had 55 new institutional investments in for a total of 8,577,803 shares, while 30 institutional investors sold positions of 6,729,913 shares during the same period.


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