Mitsubishi UFJ Financial Group Inc (NYSE:MTU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Shares of Mitsubishi UFJ have underperformed the industry on NYSE over the last six months. Though the negative interest rates in Japan and global growth concerns, along with strict regulations, remain headwinds, strong capital ratios and organic growth will likely support the company’s bottom-line growth. Also, the company’s prospects look encouraging, as it remains focused on several strategies under its medium-term business plan (2016–2018) and global expansion.”

Other analysts have also issued reports about the stock. BidaskClub lowered shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. ValuEngine lowered shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Mitsubishi UFJ Financial Group currently has an average rating of “Buy” and an average price target of $7.00.

Shares of Mitsubishi UFJ Financial Group (MTU) traded up 0.29% on Wednesday, reaching $6.81. The company’s stock had a trading volume of 1,255,536 shares. The firm has a market cap of $90.49 billion, a price-to-earnings ratio of 35.10 and a beta of 1.63. The stock has a 50 day moving average of $6.47 and a 200-day moving average of $6.39. Mitsubishi UFJ Financial Group has a 12 month low of $4.95 and a 12 month high of $7.01.

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

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Several institutional investors have recently bought and sold shares of the company. Heathbridge Capital Management Ltd. lifted its holdings in Mitsubishi UFJ Financial Group by 0.3% in the third quarter. Heathbridge Capital Management Ltd. now owns 4,453,250 shares of the bank’s stock worth $28,679,000 after buying an additional 11,900 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Mitsubishi UFJ Financial Group in the third quarter worth about $8,236,000. Well Done LLC purchased a new stake in Mitsubishi UFJ Financial Group in the third quarter worth about $246,000. BB&T Corp lifted its holdings in Mitsubishi UFJ Financial Group by 9.7% in the third quarter. BB&T Corp now owns 204,112 shares of the bank’s stock worth $1,314,000 after buying an additional 18,049 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in Mitsubishi UFJ Financial Group by 0.3% in the third quarter. Fisher Asset Management LLC now owns 7,547,634 shares of the bank’s stock worth $48,607,000 after buying an additional 25,529 shares during the period. Institutional investors own 1.08% of the company’s stock.

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.

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