Mitsubishi UFJ Financial Group Inc. (MTU) Trading Up 8.4%
Shares of Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) were up 8.4% during trading on Friday . The company traded as high as $5.07 and last traded at $5.04, with a volume of 2,129,854 shares. The stock had previously closed at $4.65.
A number of analysts have commented on MTU shares. Zacks Investment Research downgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, June 24th. JPMorgan Chase & Co. started coverage on Mitsubishi UFJ Financial Group in a research report on Wednesday, July 6th. They set an “overweight” rating on the stock.
The stock’s 50 day moving average is $4.66 and its 200 day moving average is $4.73. The company has a market cap of $70.32 billion and a price-to-earnings ratio of 9.36.
A hedge fund recently raised its stake in Mitsubishi UFJ Financial Group stock. Rhumbline Advisers increased its position in Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) by 6.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 160,826 shares of the company’s stock after buying an additional 9,076 shares during the period. Rhumbline Advisers’ holdings in Mitsubishi UFJ Financial Group were worth $1,000,000 at the end of the most recent quarter.
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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