Mitsubishi UFJ Financial Group Inc. (MTU) Trading 3.8% Higher
Mitsubishi UFJ Financial Group Inc. (NYSE:MTU)’s share price traded up 3.8% during trading on Monday . The company traded as high as $5.25 and last traded at $5.22, with a volume of 1,665,390 shares traded. The stock had previously closed at $5.03.
A number of equities analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Mitsubishi UFJ Financial Group in a research report on Wednesday, July 6th. They set an “overweight” rating for the company. Zacks Investment Research downgraded shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, June 24th.
The firm has a 50-day moving average price of $4.74 and a 200-day moving average price of $4.70. The company has a market cap of $70.89 billion and a price-to-earnings ratio of 10.28.
A hedge fund recently raised its stake in Mitsubishi UFJ Financial Group stock. Dimensional Fund Advisors LP increased its position in Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,083,433 shares of the company’s stock after buying an additional 41,800 shares during the period. Dimensional Fund Advisors LP owned 0.09% of Mitsubishi UFJ Financial Group worth $75,159,000 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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