StockNews.com Upgrades Mitsubishi UFJ Financial Group (NYSE:MUFG) to Hold

Mitsubishi UFJ Financial Group (NYSE:MUFG) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Mitsubishi UFJ Financial Group Stock Up 0.9 %

Mitsubishi UFJ Financial Group stock opened at $11.82 on Friday. The firm has a market capitalization of $137.79 billion, a P/E ratio of 11.59, a P/E/G ratio of 1.09 and a beta of 0.59. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 2.04. Mitsubishi UFJ Financial Group has a twelve month low of $8.19 and a twelve month high of $12.11. The stock’s fifty day simple moving average is $10.74 and its 200-day simple moving average is $10.56.

Institutional Trading of Mitsubishi UFJ Financial Group

A number of large investors have recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in Mitsubishi UFJ Financial Group by 98.7% in the third quarter. Blue Trust Inc. now owns 125,734 shares of the company’s stock valued at $1,358,000 after buying an additional 62,449 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group by 17.7% in the 2nd quarter. Federated Hermes Inc. now owns 975,661 shares of the company’s stock valued at $10,537,000 after acquiring an additional 146,904 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of Mitsubishi UFJ Financial Group by 11.8% during the 3rd quarter. Bleakley Financial Group LLC now owns 25,613 shares of the company’s stock worth $261,000 after acquiring an additional 2,701 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Mitsubishi UFJ Financial Group by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 2,342,140 shares of the company’s stock worth $23,960,000 after purchasing an additional 405,000 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in Mitsubishi UFJ Financial Group by 23.4% in the third quarter. Crossmark Global Holdings Inc. now owns 866,032 shares of the company’s stock valued at $8,816,000 after purchasing an additional 164,206 shares in the last quarter. 13.59% of the stock is currently owned by hedge funds and other institutional investors.

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.