Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) saw unusually-high trading volume on Tuesday . Approximately 5,227,069 shares were traded during mid-day trading, an increase of 199% from the previous session’s volume of 1,749,470 shares.The stock last traded at $5.06 and had previously closed at $4.98.

MTU has been the topic of a number of recent research reports. Zacks Investment Research upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Monday, August 22nd. Daiwa Capital Markets upgraded Mitsubishi UFJ Financial Group from a “neutral” rating to an “outperform” rating in a research note on Friday, September 2nd. Finally, JPMorgan Chase & Co. initiated coverage on Mitsubishi UFJ Financial Group in a research note on Wednesday, July 6th. They issued an “overweight” rating on the stock.

The stock has a 50-day moving average price of $5.22 and a 200 day moving average price of $4.85. The firm has a market cap of $68.58 billion, a P/E ratio of 10.06 and a beta of 1.21.

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Several hedge funds have recently bought and sold shares of the company. HBK Investments L P boosted its stake in Mitsubishi UFJ Financial Group by 234.4% in the first quarter. HBK Investments L P now owns 211,000 shares of the company’s stock worth $968,000 after buying an additional 147,900 shares during the period. UBS Group AG boosted its stake in Mitsubishi UFJ Financial Group by 9.7% in the first quarter. UBS Group AG now owns 315,602 shares of the company’s stock worth $1,449,000 after buying an additional 27,939 shares during the period. Glenmede Trust Co. NA boosted its stake in Mitsubishi UFJ Financial Group by 24.6% in the first quarter. Glenmede Trust Co. NA now owns 1,069,445 shares of the company’s stock worth $4,908,000 after buying an additional 211,258 shares during the period. Fisher Asset Management LLC boosted its stake in Mitsubishi UFJ Financial Group by 20.3% in the first quarter. Fisher Asset Management LLC now owns 7,764,766 shares of the company’s stock worth $37,349,000 after buying an additional 1,311,606 shares during the period. Finally, CIBC World Markets Inc. boosted its stake in Mitsubishi UFJ Financial Group by 24.5% in the first quarter. CIBC World Markets Inc. now owns 1,233,927 shares of the company’s stock worth $5,664,000 after buying an additional 242,754 shares during the period. Institutional investors and hedge funds own 1.00% of the company’s stock.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company is a bank holding company for The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), Mitsubishi UFJ Trust and Banking Corporation (MUTB), Mitsubishi UFJ Securities Holdings Co, Ltd. (MUSHD), Mitsubishi UFJ Morgan Stanley Securities Co, Ltd.

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