Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) shares gapped down before the market opened on Friday . The stock had previously closed at $4.72, but opened at $4.79. Mitsubishi UFJ Financial Group shares last traded at $4.93, with a volume of 994,828 shares traded.

A number of research analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Mitsubishi UFJ Financial Group in a research note on Wednesday, July 6th. They set an “overweight” rating for the company. Zacks Investment Research downgraded 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 $4.81. The company has a market capitalization of $67.98 billion and a PE ratio of 7.29.

A number of hedge funds have added to or reduced their stakes in MTU. Dimensional Fund Advisors LP raised its stake in 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. Todd Asset Management LLC raised its stake in 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. Comerica Bank raised its stake in 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. Wetherby Asset Management Inc. raised its stake in 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, Rhumbline Advisers raised its stake in 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.

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.

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