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

Mitsubishi UFJ Financial Group (NYSE:MUFG) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE MUFG opened at $11.82 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.92 and a current ratio of 0.91. Mitsubishi UFJ Financial Group has a one year low of $8.19 and a one year high of $12.11. The firm has a market capitalization of $137.79 billion, a P/E ratio of 11.59, a PEG ratio of 1.09 and a beta of 0.59. The company’s fifty day moving average is $10.74 and its two-hundred day moving average is $10.56.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Several hedge funds have recently bought and sold shares of the company. Addison Advisors LLC lifted its holdings in Mitsubishi UFJ Financial Group by 123.4% in the 2nd quarter. Addison Advisors LLC now owns 4,609 shares of the company’s stock valued at $50,000 after purchasing an additional 2,546 shares in the last quarter. Family Firm Inc. purchased a new position in shares of Mitsubishi UFJ Financial Group in the 2nd quarter worth about $53,000. Venturi Wealth Management LLC lifted its stake 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 valued at $54,000 after purchasing an additional 2,229 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 worth $58,000 after purchasing an additional 2,222 shares during the period. Finally, Rothschild Investment LLC acquired a new stake in Mitsubishi UFJ Financial Group during the 2nd quarter worth approximately $68,000. 13.59% of the stock is 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.