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 released on Saturday morning.

Mitsubishi UFJ Financial Group Trading Up 0.9 %

MUFG stock opened at $11.82 on Friday. The business has a fifty day moving average price of $10.74 and a 200 day moving average price of $10.56. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.91 and a quick ratio of 0.92. Mitsubishi UFJ Financial Group has a fifty-two week low of $8.19 and a fifty-two week high of $12.11. The stock has a market capitalization of $137.79 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 1.09 and a beta of 0.59.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MUFG. Addison Advisors LLC increased its position in Mitsubishi UFJ Financial Group by 123.4% in the 2nd quarter. Addison Advisors LLC now owns 4,609 shares of the company’s stock valued at $50,000 after acquiring an additional 2,546 shares in the last quarter. Family Firm Inc. acquired a new stake in Mitsubishi UFJ Financial Group in the 2nd quarter valued at about $53,000. Venturi Wealth Management LLC increased its position in Mitsubishi UFJ Financial Group by 72.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock valued at $54,000 after acquiring an additional 2,229 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Mitsubishi UFJ Financial Group by 60.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,870 shares of the company’s stock valued at $58,000 after acquiring an additional 2,222 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new stake in Mitsubishi UFJ Financial Group in the 2nd quarter valued at about $68,000. 13.59% of the stock is owned by institutional investors.

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.