Mitsubishi UFJ Financial Group (NYSE:MUFG) Stock Rating Lowered by StockNews.com

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

Mitsubishi UFJ Financial Group Stock Performance

Shares of NYSE MUFG opened at $11.77 on Friday. The firm has a 50 day moving average of $10.62 and a 200 day moving average of $10.52. 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 firm has a market capitalization of $137.15 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 1.08 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.

Institutional Trading of Mitsubishi UFJ Financial Group

Large investors have recently added to or reduced their stakes in the business. Addison Advisors LLC boosted its position in shares of 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 purchasing an additional 2,546 shares during the period. Family Firm Inc. bought a new position in shares of Mitsubishi UFJ Financial Group in the second quarter worth approximately $53,000. Venturi Wealth Management LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 72.8% in the third 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 boosted its position in shares of Mitsubishi UFJ Financial Group by 60.9% in the first quarter. EverSource Wealth Advisors LLC now owns 5,870 shares of the company’s stock worth $58,000 after purchasing an additional 2,222 shares during the period. Finally, Rothschild Investment LLC bought a new position in shares of Mitsubishi UFJ Financial Group in the second quarter worth approximately $68,000. 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.