Zacks Investment Research lowered shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Mitsubishi UFJ’s shares underperformed the industry on NYSE over the last six months. Though the negative interest rates in Japan and global growth concerns, along with strict regulations, remain headwinds, strong capital ratios and organic growth will likely support the company’s bottom-line growth. Also, the company’s prospects look encouraging, as it remains focused on several strategies under its medium-term business plan (2016–2018) and global expansion.”

A number of other analysts have also recently commented on MTU. BidaskClub raised shares of Mitsubishi UFJ Financial Group from a sell rating to a hold rating in a research report on Friday, June 9th. ValuEngine cut shares of Mitsubishi UFJ Financial Group from a strong-buy rating to a buy rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $7.00.

Mitsubishi UFJ Financial Group (NYSE:MTU) traded up 0.62% on Tuesday, reaching $6.48. The company’s stock had a trading volume of 1,093,422 shares. Mitsubishi UFJ Financial Group has a 12 month low of $4.83 and a 12 month high of $7.01. The company has a market cap of $86.10 billion, a P/E ratio of 31.61 and a beta of 1.62. The stock’s 50 day moving average price is $6.20 and its 200 day moving average price is $6.37.

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

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Institutional investors and hedge funds have recently modified their holdings of the business. Miracle Mile Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group during the first quarter valued at $100,000. Proficio Capital Partners LLC boosted its position in Mitsubishi UFJ Financial Group by 50.4% during the first quarter. Proficio Capital Partners LLC now owns 16,204 shares of the bank’s stock valued at $102,000 after acquiring an additional 5,429 shares during the last quarter. Paloma Partners Management Co bought a new stake in Mitsubishi UFJ Financial Group during the first quarter valued at $103,000. Campbell & CO Investment Adviser LLC bought a new stake in Mitsubishi UFJ Financial Group during the second quarter valued at $109,000. Finally, BlueCrest Capital Management Ltd bought a new stake in Mitsubishi UFJ Financial Group during the first quarter valued at $110,000. 1.08% of the stock is currently owned by institutional investors and hedge funds.

About Mitsubishi UFJ Financial Group

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.

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