Mitsubishi UFJ Financial Group (NYSE:MUFG) Upgraded by StockNews.com to Hold Rating

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

Mitsubishi UFJ Financial Group Stock Down 1.6 %

Shares of MUFG opened at $11.62 on Friday. 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 50-day moving average price of $10.80 and a two-hundred day moving average price of $10.58. The stock has a market cap of $135.46 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 1.10 and a beta of 0.59. 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

Large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its position in Mitsubishi UFJ Financial Group by 45.3% in the 1st quarter. Russell Investments Group Ltd. now owns 33,690 shares of the company’s stock valued at $345,000 after purchasing an additional 10,511 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Mitsubishi UFJ Financial Group by 27.4% during the first quarter. Bessemer Group Inc. now owns 14,860 shares of the company’s stock worth $152,000 after purchasing an additional 3,194 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Mitsubishi UFJ Financial Group by 3.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 642,863 shares of the company’s stock valued at $6,577,000 after purchasing an additional 21,277 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Mitsubishi UFJ Financial Group in the first quarter valued at about $155,000. Finally, Virtu Financial LLC bought a new position in Mitsubishi UFJ Financial Group during the first quarter worth about $423,000. 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.