Mitsubishi UFJ Financial Group Inc. (MTU) Trading Up 8.4%
Mitsubishi UFJ Financial Group Inc. (NYSE:MTU)’s share price was up 8.4% during trading on Friday . The stock 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.
Several equities analysts have commented on MTU shares. JPMorgan Chase & Co. started coverage on shares of Mitsubishi UFJ Financial Group in a research report on Wednesday, July 6th. They set an “overweight” rating on the stock. Zacks Investment Research cut shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, June 24th.
The stock has a market cap of $70.32 billion and a PE ratio of 9.36. The company has a 50-day moving average of $4.66 and a 200-day moving average of $4.74.
An institutional investor recently raised its position in Mitsubishi UFJ Financial Group stock. Rhumbline Advisers boosted 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 Securities and Exchange Commission. 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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