Mitsubishi UFJ Financial Group Inc. (NYSE:MTU)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $4.64, but opened at $4.68. Mitsubishi UFJ Financial Group shares last traded at $4.75, with a volume of 1,265,365 shares.

A number of brokerages have commented on MTU. JPMorgan Chase & Co. began coverage on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, July 6th. They issued an “overweight” rating for the company. Zacks Investment Research cut shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, June 24th.

The company has a 50-day moving average price of $4.68 and a 200-day moving average price of $4.82. The stock has a market capitalization of $66.32 billion and a PE ratio of 7.12.

A number of hedge funds have recently made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of Mitsubishi UFJ Financial Group by 6.0% in the fourth quarter. Rhumbline Advisers now owns 160,826 shares of the company’s stock worth $1,000,000 after buying an additional 9,076 shares during the period. Comerica Bank increased its stake in shares of Mitsubishi UFJ Financial Group by 4.6% in the fourth quarter. Comerica Bank now owns 873,907 shares of the company’s stock worth $5,086,000 after buying an additional 38,712 shares during the period. Todd Asset Management LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 0.5% in the fourth quarter. Todd Asset Management LLC now owns 2,109,711 shares of the company’s stock worth $13,122,000 after buying an additional 11,085 shares during the period. Wetherby Asset Management Inc. increased its stake in shares of Mitsubishi UFJ Financial Group by 3.0% in the fourth quarter. Wetherby Asset Management Inc. now owns 172,549 shares of the company’s stock worth $1,074,000 after buying an additional 5,079 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Mitsubishi UFJ Financial Group by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,083,433 shares of the company’s stock worth $75,159,000 after buying an additional 41,800 shares during the period.

Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company is a bank holding company for The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), Mitsubishi UFJ Trust and Banking Corporation (MUTB), Mitsubishi UFJ Securities Holdings Co, Ltd. (MUSHD), Mitsubishi UFJ Morgan Stanley Securities Co, Ltd.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.