Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down – Here’s What Happened

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) gapped down prior to trading on Friday . The stock had previously closed at $12.07, but opened at $11.71. Mitsubishi UFJ Financial Group shares last traded at $11.71, with a volume of 400,575 shares traded.

Analyst Ratings Changes

Separately, StockNews.com lowered Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research note on Friday.

Mitsubishi UFJ Financial Group Stock Down 3.2 %

The business has a 50-day moving average price of $10.59 and a 200 day moving average price of $10.50. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $136.16 billion, a P/E ratio of 14.07, a P/E/G ratio of 1.07 and a beta of 0.59.

Institutional Trading of Mitsubishi UFJ Financial Group

Hedge funds have recently made changes to their positions in the business. Addison Advisors LLC grew its position in Mitsubishi UFJ Financial Group by 123.4% in 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 in the last quarter. Family Firm Inc. bought a new stake in shares of Mitsubishi UFJ Financial Group in the 2nd quarter valued at approximately $53,000. Venturi Wealth Management LLC boosted its holdings in shares of 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 worth $54,000 after purchasing an additional 2,229 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Mitsubishi UFJ Financial Group by 60.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,870 shares of the company’s stock valued at $58,000 after purchasing an additional 2,222 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new stake in Mitsubishi UFJ Financial Group during the 2nd quarter valued at $68,000. 13.59% of the stock is currently owned by hedge funds and other 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.