Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) shares rose 7.3% on Wednesday . The stock traded as high as $5.43 and last traded at $5.42, with a volume of 1,300,963 shares. The stock had previously closed at $5.05.

MTU has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a report on Monday, August 22nd. JPMorgan Chase & Co. initiated coverage on shares of Mitsubishi UFJ Financial Group in a report on Wednesday, July 6th. They issued an “overweight” rating for the company. Finally, Daiwa Capital Markets raised shares of Mitsubishi UFJ Financial Group from a “neutral” rating to an “outperform” rating in a report on Friday, September 2nd.

The firm has a market capitalization of $73.13 billion, a price-to-earnings ratio of 10.727 and a beta of 1.21. The company’s 50-day moving average is $5.21 and its 200-day moving average is $4.85.

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A number of hedge funds have recently bought and sold shares of MTU. Aristotle Capital Management LLC boosted its stake in Mitsubishi UFJ Financial Group by 1.3% in the second quarter. Aristotle Capital Management LLC now owns 24,523,640 shares of the company’s stock worth $108,640,000 after buying an additional 320,715 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 9.5% in the second quarter. Fisher Asset Management LLC now owns 8,504,308 shares of the company’s stock worth $37,759,000 after buying an additional 739,542 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 33.5% in the second quarter. Parametric Portfolio Associates LLC now owns 4,069,118 shares of the company’s stock worth $18,026,000 after buying an additional 1,021,537 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 5.1% in the first quarter. Renaissance Technologies LLC now owns 3,478,541 shares of the company’s stock worth $15,967,000 after buying an additional 169,341 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Mitsubishi UFJ Financial Group by 52.3% in the second quarter. JPMorgan Chase & Co. now owns 2,827,994 shares of the company’s stock worth $12,528,000 after buying an additional 970,706 shares during the last quarter. Hedge funds and other institutional investors 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.

5 Day Chart for NYSE:MTU

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