Mitsubishi UFJ Financial Group Inc (MTU) Given Average Recommendation of “Buy” by Analysts

Shares of Mitsubishi UFJ Financial Group Inc (NYSE:MTU) have been given a consensus rating of “Buy” by the six analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company.

Several equities analysts have recently weighed in on MTU shares. Zacks Investment Research downgraded Mitsubishi UFJ Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Daiwa Capital Markets downgraded Mitsubishi UFJ Financial Group from an “outperform” rating to a “neutral” rating in a report on Wednesday, January 10th.

Large investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in shares of Mitsubishi UFJ Financial Group by 198.2% during the second quarter. Wells Fargo & Company MN now owns 140,921 shares of the bank’s stock valued at $951,000 after acquiring an additional 93,664 shares in the last quarter. BB&T Corp increased its holdings in shares of Mitsubishi UFJ Financial Group by 9.7% during the third quarter. BB&T Corp now owns 204,112 shares of the bank’s stock valued at $1,314,000 after acquiring an additional 18,049 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Mitsubishi UFJ Financial Group by 36.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 359,956 shares of the bank’s stock valued at $2,318,000 after buying an additional 95,625 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter valued at $319,000. Finally, TD Asset Management Inc. boosted its position in shares of Mitsubishi UFJ Financial Group by 23.1% during the third quarter. TD Asset Management Inc. now owns 1,188,471 shares of the bank’s stock valued at $7,654,000 after buying an additional 222,796 shares during the last quarter. Hedge funds and other institutional investors own 0.99% of the company’s stock.

Mitsubishi UFJ Financial Group (MTU) opened at $7.40 on Tuesday. Mitsubishi UFJ Financial Group has a twelve month low of $5.94 and a twelve month high of $8.11. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $101,720.00, a price-to-earnings ratio of 10.42, a PEG ratio of 1.39 and a beta of 1.67.

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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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