Mitsubishi UFJ Financial Group (NYSE:MUFG) Upgraded 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 released on Saturday morning.

Mitsubishi UFJ Financial Group Stock Down 0.1 %

MUFG opened at $11.81 on Friday. Mitsubishi UFJ Financial Group has a 1 year low of $8.19 and a 1 year high of $12.11. The firm has a 50 day moving average price of $10.77 and a 200 day moving average price of $10.57. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.92 and a current ratio of 0.91. The company has a market cap of $137.67 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.10 and a beta of 0.59.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Catalina Capital Group LLC boosted its holdings in Mitsubishi UFJ Financial Group by 5.4% in the 2nd quarter. Catalina Capital Group LLC now owns 17,965 shares of the company’s stock worth $194,000 after acquiring an additional 918 shares during the period. First Affirmative Financial Network lifted its position in shares of Mitsubishi UFJ Financial Group by 5.1% during the second quarter. First Affirmative Financial Network now owns 19,463 shares of the company’s stock worth $210,000 after purchasing an additional 938 shares in the last quarter. Abel Hall LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 4.9% in the third quarter. Abel Hall LLC now owns 20,388 shares of the company’s stock valued at $208,000 after purchasing an additional 949 shares during the period. Waldron Private Wealth LLC grew its holdings in Mitsubishi UFJ Financial Group by 9.0% during the 3rd quarter. Waldron Private Wealth LLC now owns 11,742 shares of the company’s stock valued at $120,000 after purchasing an additional 968 shares in the last quarter. Finally, Traveka Wealth LLC increased its stake in Mitsubishi UFJ Financial Group by 2.7% during the 2nd quarter. Traveka Wealth LLC now owns 37,775 shares of the company’s stock worth $408,000 after buying an additional 980 shares during the period. Hedge funds and other institutional investors own 13.59% of the company’s stock.

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.