Mitsubishi UFJ Financial Group (NYSE:MUFG) Stock Rating Lowered by StockNews.com

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

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE:MUFG opened at $11.77 on Friday. The stock has a market cap of $137.15 billion, a PE ratio of 11.53, a PEG ratio of 1.08 and a beta of 0.59. The company’s fifty day moving average is $10.62 and its 200 day moving average is $10.52. Mitsubishi UFJ Financial Group has a 52 week low of $8.19 and a 52 week high of $12.11. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.25.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Large investors have recently modified their holdings of the stock. Natixis Advisors LLC boosted its stake in Mitsubishi UFJ Financial Group by 3.2% during the second quarter. Natixis Advisors LLC now owns 12,059,977 shares of the company’s stock worth $130,248,000 after acquiring an additional 379,105 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Mitsubishi UFJ Financial Group by 15.7% in the third quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock worth $79,947,000 after buying an additional 1,067,409 shares during the last quarter. Chevy Chase Trust Holdings LLC raised its holdings in Mitsubishi UFJ Financial Group by 3.8% in the second quarter. Chevy Chase Trust Holdings LLC now owns 5,879,191 shares of the company’s stock worth $63,495,000 after buying an additional 217,799 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Mitsubishi UFJ Financial Group by 3.2% in the second quarter. Envestnet Asset Management Inc. now owns 4,440,510 shares of the company’s stock worth $47,958,000 after buying an additional 135,773 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Mitsubishi UFJ Financial Group by 6.4% in the second quarter. Sei Investments Co. now owns 3,250,210 shares of the company’s stock worth $35,102,000 after buying an additional 195,882 shares during the last quarter. Institutional investors own 13.59% of the company’s stock.

About Mitsubishi UFJ Financial Group

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.