Mitsubishi UFJ Financial Group (NYSE:MUFG) Sees Strong Trading Volume – Here’s Why

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) shares saw unusually-high trading volume on Friday . Approximately 1,622,908 shares were traded during mid-day trading, a decline of 32% from the previous session’s volume of 2,396,974 shares.The stock last traded at $12.08 and had previously closed at $12.17.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd.

Mitsubishi UFJ Financial Group Price Performance

The firm has a market capitalization of $140.94 billion, a PE ratio of 11.85, a P/E/G ratio of 1.13 and a beta of 0.61. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 2.04. The company has a fifty day moving average price of $11.25 and a two-hundred day moving average price of $10.75.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MUFG. Addison Advisors LLC grew its position in shares of Mitsubishi UFJ Financial Group by 123.4% during the second quarter. Addison Advisors LLC now owns 4,609 shares of the company’s stock worth $50,000 after acquiring an additional 2,546 shares during the last quarter. Family Firm Inc. purchased a new position in Mitsubishi UFJ Financial Group during the 2nd quarter worth $53,000. Venturi Wealth Management LLC increased its stake in Mitsubishi UFJ Financial Group by 72.8% in the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock valued at $54,000 after purchasing an additional 2,229 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Mitsubishi UFJ Financial Group in the third quarter valued at about $55,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the second quarter worth about $68,000. Institutional investors and hedge funds 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.