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

StockNews.com upgraded shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) from a sell rating to a hold rating in a report issued on Saturday morning.

Mitsubishi UFJ Financial Group Trading Down 0.1 %

NYSE MUFG opened at $11.81 on Friday. The company’s fifty day moving average price is $10.77 and its two-hundred day moving average price is $10.57. The company has a market capitalization of $137.67 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 1.10 and a beta of 0.59. Mitsubishi UFJ Financial Group has a 12 month low of $8.19 and a 12 month high of $12.11. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.91 and a quick ratio of 0.92.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Institutional investors have recently made changes to their positions in the company. Catalina Capital Group LLC boosted its holdings in Mitsubishi UFJ Financial Group by 5.4% in the second quarter. Catalina Capital Group LLC now owns 17,965 shares of the company’s stock worth $194,000 after purchasing an additional 918 shares during the period. First Affirmative Financial Network lifted its position in shares of Mitsubishi UFJ Financial Group by 5.1% in the 2nd quarter. First Affirmative Financial Network now owns 19,463 shares of the company’s stock worth $210,000 after buying an additional 938 shares during the last quarter. Abel Hall LLC boosted its holdings 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 buying an additional 949 shares during the period. Waldron Private Wealth LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 9.0% in the 3rd quarter. Waldron Private Wealth LLC now owns 11,742 shares of the company’s stock valued at $120,000 after buying an additional 968 shares during the period. Finally, Traveka Wealth LLC grew its position in shares of Mitsubishi UFJ Financial Group by 2.7% during the 2nd quarter. Traveka Wealth LLC now owns 37,775 shares of the company’s stock valued at $408,000 after buying an additional 980 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.