Mitsubishi UFJ Financial Group (NYSE:MUFG) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) from a sell rating to a hold rating in a report published on Saturday morning.

Mitsubishi UFJ Financial Group Price Performance

MUFG opened at $11.62 on Friday. The stock has a market cap of $135.46 billion, a P/E ratio of 11.39, a P/E/G ratio of 1.10 and a beta of 0.59. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 2.04. The company has a fifty day simple moving average of $10.80 and a 200 day simple moving average of $10.58. Mitsubishi UFJ Financial Group has a 12 month low of $8.19 and a 12 month high of $12.11.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 98.7% in the 3rd quarter. Blue Trust Inc. now owns 125,734 shares of the company’s stock valued at $1,358,000 after purchasing an additional 62,449 shares during the period. Federated Hermes Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 17.7% during the second quarter. Federated Hermes Inc. now owns 975,661 shares of the company’s stock worth $10,537,000 after buying an additional 146,904 shares in the last quarter. Bleakley Financial Group LLC raised its position in Mitsubishi UFJ Financial Group by 11.8% in the 3rd quarter. Bleakley Financial Group LLC now owns 25,613 shares of the company’s stock valued at $261,000 after buying an additional 2,701 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Mitsubishi UFJ Financial Group by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 2,342,140 shares of the company’s stock valued at $23,960,000 after acquiring an additional 405,000 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in Mitsubishi UFJ Financial Group by 15.7% during the 3rd quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock worth $79,947,000 after acquiring an additional 1,067,409 shares during the last quarter. 13.59% of the stock is owned by institutional investors.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.