Zacks Investment Research upgraded shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) from a sell rating to a hold rating in a report published on Monday, Zacks.com reports.

According to Zacks, “Shares of Mitsubishi UFJ have underperformed the industry on NYSE over the past six months. The company's revenues remain under pressure due to the negative interest rates in Japan. Also, rising costs due to strict regulations in overseas business remain a key concern. However, the company’s strong capital ratios and organic growth are likely to drive the bottom line. Also, prospects look encouraging, as it focuses on several strategies under medium-term business plan and global expansion.”

A number of other brokerages have also issued reports on MUFG. ValuEngine lowered Mitsubishi UFJ Financial Group from a sell rating to a strong sell rating in a research note on Friday, March 1st. UBS Group upgraded Mitsubishi UFJ Financial Group from a neutral rating to a buy rating in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Mitsubishi UFJ Financial Group has an average rating of Buy.

Shares of MUFG stock opened at $4.56 on Monday. Mitsubishi UFJ Financial Group has a 52-week low of $4.49 and a 52-week high of $6.61. The firm has a market capitalization of $60.74 billion, a price-to-earnings ratio of 6.16, a price-to-earnings-growth ratio of 1.57 and a beta of 1.43.

Hedge funds have recently modified their holdings of the business. Commerce Bank grew its position in shares of Mitsubishi UFJ Financial Group by 20.2% during the first quarter. Commerce Bank now owns 13,880 shares of the company’s stock valued at $69,000 after purchasing an additional 2,330 shares in the last quarter. Reliance Trust Co. of Delaware grew its position in shares of Mitsubishi UFJ Financial Group by 15.2% during the fourth quarter. Reliance Trust Co. of Delaware now owns 19,207 shares of the company’s stock valued at $94,000 after purchasing an additional 2,533 shares in the last quarter. Hartford Investment Management Co. grew its position in shares of Mitsubishi UFJ Financial Group by 8.4% during the first quarter. Hartford Investment Management Co. now owns 32,991 shares of the company’s stock valued at $163,000 after purchasing an additional 2,561 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Mitsubishi UFJ Financial Group by 13.0% during the fourth quarter. SG Americas Securities LLC now owns 26,121 shares of the company’s stock valued at $127,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Cornerstone Advisors Inc. grew its position in shares of Mitsubishi UFJ Financial Group by 121.2% during the first quarter. Cornerstone Advisors Inc. now owns 6,022 shares of the company’s stock valued at $30,000 after purchasing an additional 3,299 shares in the last quarter. Institutional investors and hedge funds own 1.10% of the company’s stock.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc, a bank holding company, provides financial services in Japan and internationally. Its Retail Banking Business Group segment offers a range of products and services, such as bank deposits, loans, asset management and administration services, investment products, and settlement services.

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