Mitsubishi UFJ Financial Group (NYSE:MUFG) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) from a hold rating to a sell rating in a research report report published on Friday.

Mitsubishi UFJ Financial Group Stock Down 3.2 %

MUFG stock opened at $11.68 on Friday. The business’s fifty day moving average price is $10.59 and its two-hundred day moving average price is $10.51. The stock has a market capitalization of $136.16 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.08 and a beta of 0.59. Mitsubishi UFJ Financial Group has a fifty-two week low of $8.19 and a fifty-two week high of $12.11. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.92 and a quick ratio of 0.92.

Institutional Trading of Mitsubishi UFJ Financial Group

A number of institutional investors have recently modified their holdings of the stock. Fisher Asset Management LLC lifted its stake in Mitsubishi UFJ Financial Group by 15.7% during the third quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock worth $79,947,000 after purchasing an additional 1,067,409 shares during the last quarter. Thornburg Investment Management Inc. raised its stake in Mitsubishi UFJ Financial Group by 154.2% during the second quarter. Thornburg Investment Management Inc. now owns 1,105,928 shares of the company’s stock worth $12,041,000 after acquiring an additional 670,787 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Mitsubishi UFJ Financial Group by 20.9% in 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 acquiring an additional 405,000 shares during the last quarter. Herr Investment Group LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 38.6% in the 1st quarter. Herr Investment Group LLC now owns 1,410,464 shares of the company’s stock valued at $14,429,000 after purchasing an additional 393,000 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 3.2% during the 2nd quarter. Natixis Advisors LLC now owns 12,059,977 shares of the company’s stock valued at $130,248,000 after purchasing an additional 379,105 shares during the last quarter. 13.59% of the stock is currently 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.