Mitsubishi UFJ Financial Group Inc (NYSE:MTU) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Saturday.

Separately, Zacks Investment Research raised shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.50 price target for the company in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $7.50.

Mitsubishi UFJ Financial Group (NYSE:MTU) traded up 0.82% during trading on Friday, reaching $6.18. 2,856,354 shares of the company were exchanged. Mitsubishi UFJ Financial Group has a 1-year low of $4.83 and a 1-year high of $7.01. The stock has a market capitalization of $82.12 billion, a P/E ratio of 30.75 and a beta of 1.59. The company’s 50-day moving average price is $6.48 and its 200-day moving average price is $6.47.

Mitsubishi UFJ Financial Group (NYSE:MTU) last announced its quarterly earnings results on Tuesday, August 1st. The bank reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.05. Mitsubishi UFJ Financial Group had a net margin of 16.99% and a return on equity of 6.59%. The firm had revenue of $13.57 billion during the quarter. On average, equities analysts forecast that Mitsubishi UFJ Financial Group will post $0.55 EPS for the current year.

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Several large investors have recently made changes to their positions in MTU. Miracle Mile Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter valued at $100,000. Proficio Capital Partners LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 50.4% in the first quarter. Proficio Capital Partners LLC now owns 16,204 shares of the bank’s stock valued at $102,000 after buying an additional 5,429 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of Mitsubishi UFJ Financial Group during the first quarter valued at $103,000. Tiedemann Wealth Management LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 3.9% in the first quarter. Tiedemann Wealth Management LLC now owns 17,104 shares of the bank’s stock valued at $108,000 after buying an additional 644 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the second quarter valued at $109,000. 1.02% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company’s segments include Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group and Krungsri. The Company’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various fields of financial services.

Analyst Recommendations for Mitsubishi UFJ Financial Group (NYSE:MTU)

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