BidaskClub upgraded shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) from a strong sell rating to a sell rating in a report published on Thursday.

Separately, Zacks Investment Research raised shares of Mitsubishi UFJ Financial Group from a hold rating to a buy rating and set a $7.50 target price on the stock in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $7.50.

Shares of Mitsubishi UFJ Financial Group (NYSE MTU) traded up 0.78% on Thursday, hitting $6.47. The company’s stock had a trading volume of 1,814,432 shares. Mitsubishi UFJ Financial Group has a 52 week low of $4.81 and a 52 week high of $7.01. The stock has a market capitalization of $85.97 billion, a P/E ratio of 32.68 and a beta of 1.59. The stock’s 50 day moving average price is $6.52 and its 200 day moving average price is $6.47.

Mitsubishi UFJ Financial Group (NYSE:MTU) last posted its quarterly earnings results on Tuesday, August 1st. The bank reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.05. Mitsubishi UFJ Financial Group had a net margin of 16.99% and a return on equity of 6.59%. The business had revenue of $13.57 billion for the quarter. On average, analysts forecast that Mitsubishi UFJ Financial Group will post $0.55 earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the company. Financial Counselors Inc. increased its position in Mitsubishi UFJ Financial Group by 0.7% in the first quarter. Financial Counselors Inc. now owns 33,247 shares of the bank’s stock valued at $211,000 after buying an additional 234 shares during the last quarter. Tiedemann Wealth Management LLC increased its position in Mitsubishi UFJ Financial Group by 3.9% in the first quarter. Tiedemann Wealth Management LLC now owns 17,104 shares of the bank’s stock valued at $108,000 after buying an additional 644 shares during the last quarter. Ronald Blue & Co. LLC increased its position in Mitsubishi UFJ Financial Group by 19.4% in the second quarter. Ronald Blue & Co. LLC now owns 18,127 shares of the bank’s stock valued at $122,000 after buying an additional 2,948 shares during the last quarter. Ballentine Partners LLC increased its position in Mitsubishi UFJ Financial Group by 21.2% in the second quarter. Ballentine Partners LLC now owns 18,627 shares of the bank’s stock valued at $119,000 after buying an additional 3,263 shares during the last quarter. Finally, OLD National Bancorp IN increased its position in Mitsubishi UFJ Financial Group by 3.4% in the second quarter. OLD National Bancorp IN now owns 106,078 shares of the bank’s stock valued at $716,000 after buying an additional 3,462 shares during the last quarter. 1.02% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company’s segments include Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group and Krungsri. The Company’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various fields of financial services.

Analyst Recommendations for Mitsubishi UFJ Financial Group (NYSE:MTU)

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