Mitsubishi UFJ Financial Group Inc. (MTU) Trading Up 2.5%
Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) shares were up 2.5% during trading on Wednesday . The company traded as high as $5.31 and last traded at $5.29, with a volume of 180,977 shares changing hands. The stock had previously closed at $5.16.
A number of research analysts recently commented on MTU shares. Zacks Investment Research lowered shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, June 24th. JPMorgan Chase & Co. started coverage on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, July 6th. They issued an “overweight” rating on the stock.
The company has a market cap of $71.98 billion and a price-to-earnings ratio of 10.43. The company’s 50-day moving average price is $4.81 and its 200 day moving average price is $4.70.
An institutional investor recently raised its position in Mitsubishi UFJ Financial Group stock. Dimensional Fund Advisors LP increased its stake in shares of Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) by 0.3% during the fourth quarter, according to its most recent 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 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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