Mitsubishi UFJ Financial Group Inc. (MTU) Stock Price Down 5%
Shares of Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) were down 5% during trading on Tuesday . The stock traded as low as $4.91 and last traded at $4.91, with a volume of 928,575 shares changing hands. The stock had previously closed at $5.17.
Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Mitsubishi UFJ Financial Group in a report on Wednesday, July 6th. They set an “overweight” rating for the company. Zacks Investment Research downgraded Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a report on Friday, June 24th.
The firm has a 50 day moving average price of $4.67 and a 200-day moving average price of $4.71. The stock has a market cap of $68.12 billion and a price-to-earnings ratio of 9.01.
An institutional investor recently raised its position in Mitsubishi UFJ Financial Group stock. Rhumbline Advisers raised its stake in Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 as of its most recent SEC filing.
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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