Mitsubishi UFJ Financial Group (NYSE:MUFG) Rating Increased to Hold at StockNews.com

Mitsubishi UFJ Financial Group (NYSE:MUFG) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Mitsubishi UFJ Financial Group Trading Up 0.9 %

Shares of Mitsubishi UFJ Financial Group stock opened at $11.83 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.92 and a current ratio of 0.91. The firm has a 50-day moving average of $10.74 and a 200-day moving average of $10.56. Mitsubishi UFJ Financial Group has a 52-week low of $8.19 and a 52-week high of $12.11. The stock has a market cap of $137.91 billion, a PE ratio of 11.60, a PEG ratio of 1.10 and a beta of 0.59.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its position in shares of Mitsubishi UFJ Financial Group by 45.3% in the first quarter. Russell Investments Group Ltd. now owns 33,690 shares of the company’s stock worth $345,000 after purchasing an additional 10,511 shares during the period. Bessemer Group Inc. increased its holdings in Mitsubishi UFJ Financial Group by 27.4% in the 1st quarter. Bessemer Group Inc. now owns 14,860 shares of the company’s stock valued at $152,000 after buying an additional 3,194 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Mitsubishi UFJ Financial Group by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 642,863 shares of the company’s stock valued at $6,577,000 after buying an additional 21,277 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth approximately $155,000. Finally, Virtu Financial LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth approximately $423,000. Institutional investors own 13.59% of the company’s stock.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.