Mitsubishi UFJ Financial Group Inc. (NYSE:MTU)’s share price fell 1.4% during mid-day trading on Wednesday . The stock traded as low as $4.80 and last traded at $4.81, with a volume of 1,424,648 shares trading hands. The stock had previously closed at $4.88.

Several brokerages recently issued reports on MTU. Zacks Investment Research downgraded shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a report on Friday, June 24th. JPMorgan Chase & Co. assumed coverage on shares of Mitsubishi UFJ Financial Group in a research report on Wednesday, July 6th. They issued an “overweight” rating for the company.

The firm’s 50 day moving average is $4.68 and its 200-day moving average is $4.78. The company has a market capitalization of $66.60 billion and a PE ratio of 7.37.

Several hedge funds recently made changes to their positions in the company. 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 valued at $75,159,000 after buying an additional 41,800 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 valued at $5,086,000 after buying an additional 38,712 shares during the period. Finally, 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 valued at $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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