Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company.

Several research analysts have recently weighed in on MUFG shares. Mitsubishi UFJ Financial Group assumed coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They set a “buy” rating for the company. Weiss Ratings lowered shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. Finally, Erste Group Bank began coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating for the company.

Mitsubishi UFJ Financial Group Stock Up 0.2%

Shares of MUFG opened at $21.36 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.75. Mitsubishi UFJ Financial Group has a 12 month low of $13.27 and a 12 month high of $22.83. The stock’s 50 day moving average is $20.10 and its two-hundred day moving average is $18.60. The firm has a market cap of $253.46 billion, a P/E ratio of 15.15, a PEG ratio of 1.03 and a beta of 0.39.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank boosted its stake in shares of Mitsubishi UFJ Financial Group by 251.7% in the fourth quarter. Toronto Dominion Bank now owns 4,816,589 shares of the company’s stock valued at $76,391,000 after purchasing an additional 3,447,183 shares during the period. Fisher Asset Management LLC boosted its position in Mitsubishi UFJ Financial Group by 2.0% in the 4th quarter. Fisher Asset Management LLC now owns 93,276,119 shares of the company’s stock valued at $1,479,359,000 after buying an additional 1,789,620 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Mitsubishi UFJ Financial Group by 180.1% in the third quarter. JPMorgan Chase & Co. now owns 2,162,410 shares of the company’s stock worth $34,469,000 after acquiring an additional 1,390,497 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 20.0% in the fourth quarter. Clearbridge Investments LLC now owns 6,730,203 shares of the company’s stock worth $106,741,000 after acquiring an additional 1,121,241 shares in the last quarter. Finally, DV Equities LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth $13,543,000. Institutional investors and hedge funds own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.