Mitsubishi UFJ Financial Group (NYSE:MUFG) Downgraded by StockNews.com to “Sell”

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

Mitsubishi UFJ Financial Group Stock Performance

MUFG stock traded down $0.39 during mid-day trading on Friday, reaching $11.68. 3,821,471 shares of the stock traded hands, compared to its average volume of 2,475,480. The firm has a market capitalization of $136.10 billion, a PE ratio of 14.07, a P/E/G ratio of 1.07 and a beta of 0.59. The business has a 50-day moving average of $10.56 and a two-hundred day moving average of $10.49. Mitsubishi UFJ Financial Group has a 52 week low of $8.19 and a 52 week high of $12.11. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.25.

Institutional Trading of Mitsubishi UFJ Financial Group

Hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 156.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 38,724 shares of the company’s stock worth $396,000 after purchasing an additional 23,629 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Mitsubishi UFJ Financial Group by 45.3% in the 1st quarter. Russell Investments Group Ltd. now owns 33,690 shares of the company’s stock valued at $345,000 after buying an additional 10,511 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 23.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 662,715 shares of the company’s stock valued at $6,780,000 after buying an additional 125,467 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Mitsubishi UFJ Financial Group by 27.4% during the 1st quarter. Bessemer Group Inc. now owns 14,860 shares of the company’s stock worth $152,000 after acquiring an additional 3,194 shares during the period. Finally, Lake Street Advisors Group LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 16.9% during the 1st quarter. Lake Street Advisors Group LLC now owns 27,459 shares of the company’s stock valued at $281,000 after acquiring an additional 3,965 shares in the last quarter. 13.59% of the stock is owned by institutional investors.

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.