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

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 to clients and investors on Friday.

Mitsubishi UFJ Financial Group Price Performance

Mitsubishi UFJ Financial Group stock traded down $0.39 during mid-day trading on Friday, hitting $11.68. 3,821,471 shares of the company were exchanged, compared to its average volume of 2,475,480. The company has a market capitalization of $136.10 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 1.07 and a beta of 0.59. The business has a fifty day moving average of $10.56 and a 200 day moving average of $10.49. Mitsubishi UFJ Financial Group has a 1-year low of $8.19 and a 1-year 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.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Addison Advisors LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 123.4% in the second quarter. Addison Advisors LLC now owns 4,609 shares of the company’s stock valued at $50,000 after acquiring an additional 2,546 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Mitsubishi UFJ Financial Group in the second quarter valued at $53,000. Venturi Wealth Management LLC raised its holdings in shares of 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 valued at $54,000 after buying an additional 2,229 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Mitsubishi UFJ Financial Group by 60.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,870 shares of the company’s stock worth $58,000 after buying an additional 2,222 shares in the last quarter. Finally, Rothschild Investment LLC bought a new stake in Mitsubishi UFJ Financial Group during the 2nd quarter worth about $68,000. 13.59% of the stock is currently owned by institutional investors and hedge funds.

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.