Mitsubishi UFJ Financial Group Inc. (MTU) Trading Up 2.5%
Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) shares were up 2.5% during mid-day trading on Wednesday . The stock traded as high as $5.31 and last traded at $5.29, with a volume of 180,977 shares. The stock had previously closed at $5.16.
Several research analysts have issued reports on MTU shares. JPMorgan Chase & Co. started coverage on Mitsubishi UFJ Financial Group in a research note on Wednesday, July 6th. They set an “overweight” rating for the company. Zacks Investment Research lowered Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, June 24th.
The firm’s 50 day moving average price is $4.86 and its 200 day moving average price is $4.71. The firm has a market capitalization of $71.71 billion and a P/E ratio of 10.39.
A hedge fund recently raised its stake in Mitsubishi UFJ Financial Group stock. Dimensional Fund Advisors LP raised its stake in Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) by 0.3% during the fourth quarter, according to its most recent disclosure 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 about 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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