Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company.

A number of research firms have recently issued reports on MUFG. Weiss Ratings lowered Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, July 14th. Mitsubishi UFJ Financial Group started coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating on the stock. Finally, Erste Group Bank began coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating for the company.

Institutional Trading of Mitsubishi UFJ Financial Group

Hedge funds have recently made changes to their positions in the stock. City Holding Co. acquired a new stake in shares of Mitsubishi UFJ Financial Group during the second quarter worth approximately $99,000. Valeo Financial Advisors LLC increased its stake in Mitsubishi UFJ Financial Group by 15.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 37,187 shares of the company’s stock valued at $740,000 after buying an additional 5,006 shares during the period. Gradient Investments LLC lifted its position in Mitsubishi UFJ Financial Group by 5.7% in the 2nd quarter. Gradient Investments LLC now owns 301,721 shares of the company’s stock worth $6,001,000 after buying an additional 16,157 shares in the last quarter. Trust Point Inc. lifted its position in Mitsubishi UFJ Financial Group by 1.5% in the 2nd quarter. Trust Point Inc. now owns 49,093 shares of the company’s stock worth $976,000 after buying an additional 712 shares in the last quarter. Finally, Elevation Wealth Partners LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 2nd quarter valued at $25,000. 13.59% of the stock is owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Trading Up 1.3%

Mitsubishi UFJ Financial Group stock opened at $22.91 on Monday. Mitsubishi UFJ Financial Group has a 52 week low of $13.62 and a 52 week high of $23.08. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $271.95 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.09 and a beta of 0.39. The company has a 50 day moving average price of $20.48 and a 200 day moving average price of $18.81.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.