Mitsubishi UFJ Financial Group (NYSE:MUFG) Lowered to Sell Rating by StockNews.com

Mitsubishi UFJ Financial Group (NYSE:MUFG) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Mitsubishi UFJ Financial Group Stock Down 3.2 %

Shares of NYSE:MUFG opened at $11.68 on Friday. The firm has a market capitalization of $136.16 billion, a P/E ratio of 14.07, a P/E/G ratio of 1.07 and a beta of 0.59. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50 day moving average price of $10.59 and a 200-day moving average price of $10.50. Mitsubishi UFJ Financial Group has a 52-week low of $8.19 and a 52-week high of $12.11.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in MUFG. Addison Advisors LLC lifted its holdings in shares of Mitsubishi UFJ Financial Group by 123.4% during the second quarter. Addison Advisors LLC now owns 4,609 shares of the company’s stock valued at $50,000 after purchasing an additional 2,546 shares during the last quarter. Family Firm Inc. purchased a new position in Mitsubishi UFJ Financial Group during the second quarter valued at $53,000. Venturi Wealth Management LLC boosted its holdings in Mitsubishi UFJ Financial Group by 72.8% in the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock worth $54,000 after acquiring an additional 2,229 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Mitsubishi UFJ Financial Group by 60.9% in the first quarter. EverSource Wealth Advisors LLC now owns 5,870 shares of the company’s stock worth $58,000 after acquiring an additional 2,222 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the second quarter worth $68,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Company Profile

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.