Mitsubishi UFJ Financial Group (NYSE:MUFG) Sees Strong Trading Volume – Should You Buy?

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) saw unusually-high trading volume on Friday . Approximately 1,622,908 shares traded hands 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.

Analysts Set New Price Targets

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

Mitsubishi UFJ Financial Group Trading Down 0.5 %

The firm has a market cap of $141.17 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 1.13 and a beta of 0.61. 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 $11.22 and a 200 day moving average price of $10.73.

Institutional Trading of Mitsubishi UFJ Financial Group

Hedge funds have recently made changes to their positions in the stock. Catalina Capital Group LLC grew its stake in shares of 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 valued at $194,000 after buying an additional 918 shares in the last quarter. Franklin Resources Inc. increased its position in Mitsubishi UFJ Financial Group by 1.9% during the third quarter. Franklin Resources Inc. now owns 49,208 shares of the company’s stock worth $526,000 after buying an additional 938 shares during the last quarter. Abel Hall LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 4.9% in the 3rd quarter. Abel Hall LLC now owns 20,388 shares of the company’s stock valued at $208,000 after acquiring an additional 949 shares in the last quarter. Waldron Private Wealth LLC raised its position in shares of Mitsubishi UFJ Financial Group by 9.0% in the third 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 during the period. Finally, LRI Investments LLC grew its stake in Mitsubishi UFJ Financial Group by 6.9% in the 2nd quarter. LRI Investments LLC now owns 15,156 shares of the company’s stock valued at $164,000 after buying an additional 981 shares during the last quarter. 13.59% of the stock is 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.