Mitsubishi UFJ Financial Group (NYSE:MUFG) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) from a hold rating to a sell rating in a research note issued to investors on Friday.

Mitsubishi UFJ Financial Group Price Performance

MUFG stock opened at $11.68 on Friday. The company has a market capitalization of $136.16 billion, a P/E ratio of 11.45, a PEG ratio of 1.08 and a beta of 0.59. The company has a fifty day moving average price of $10.59 and a 200-day moving average price of $10.51. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.92 and a current ratio of 0.92. Mitsubishi UFJ Financial Group has a 52-week low of $8.19 and a 52-week high of $12.11.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Addison Advisors LLC boosted its stake in Mitsubishi UFJ Financial Group by 123.4% during the second quarter. Addison Advisors LLC now owns 4,609 shares of the company’s stock worth $50,000 after acquiring an additional 2,546 shares in the last quarter. Family Firm Inc. bought a new position in shares of Mitsubishi UFJ Financial Group in the second quarter valued at approximately $53,000. Venturi Wealth Management LLC grew its holdings in Mitsubishi UFJ Financial Group by 72.8% during the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock worth $54,000 after buying an additional 2,229 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Mitsubishi UFJ Financial Group by 60.9% during the first quarter. EverSource Wealth Advisors LLC now owns 5,870 shares of the company’s stock valued at $58,000 after acquiring an additional 2,222 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new position in Mitsubishi UFJ Financial Group in the second quarter worth $68,000. Institutional investors and hedge funds own 13.59% of the company’s stock.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.