Mitsubishi UFJ Financial Group Inc. (MTU) Shares Gap Up to $5.10
Shares of Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) gapped up prior to trading on Monday . The stock had previously closed at $5.00, but opened at $5.10. Mitsubishi UFJ Financial Group shares last traded at $5.21, with a volume of 1,066,299 shares trading hands.
Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed 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 market cap of $71.29 billion and a PE ratio of 9.43. The company has a 50-day moving average of $4.67 and a 200 day moving average of $4.71.
An institutional investor recently raised its position in Mitsubishi UFJ Financial Group stock. Rhumbline Advisers increased its stake in shares of Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) by 6.0% during the fourth quarter, according to its most recent disclosure 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 reporting 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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