Mitsubishi UFJ Financial Group (NYSE:MUFG) Sees Large Volume Increase

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFGGet Rating) saw strong trading volume on Friday . 313,315 shares traded hands during mid-day trading, a decline of 90% from the previous session’s volume of 3,212,394 shares.The stock last traded at $5.02 and had previously closed at $5.03.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Mitsubishi UFJ Financial Group in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

Mitsubishi UFJ Financial Group Trading Down 0.4 %

The firm has a market capitalization of $63.19 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of 1.02 and a beta of 0.76. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.92 and a current ratio of 0.92. The business has a fifty day moving average price of $4.76 and a 200 day moving average price of $5.24.

Institutional Trading of Mitsubishi UFJ Financial Group

Several large investors have recently added to or reduced their stakes in MUFG. Bank of America Corp DE increased its holdings in Mitsubishi UFJ Financial Group by 53.2% in the 1st quarter. Bank of America Corp DE now owns 17,389,091 shares of the company’s stock valued at $107,639,000 after purchasing an additional 6,037,784 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Mitsubishi UFJ Financial Group by 24.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,032,410 shares of the company’s stock valued at $62,100,000 after buying an additional 1,943,618 shares during the last quarter. Natixis Advisors L.P. boosted its position in Mitsubishi UFJ Financial Group by 19.4% in the 1st quarter. Natixis Advisors L.P. now owns 7,412,347 shares of the company’s stock valued at $45,882,000 after buying an additional 1,206,692 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Mitsubishi UFJ Financial Group by 71.1% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,903,910 shares of the company’s stock valued at $11,785,000 after buying an additional 791,000 shares during the last quarter. Finally, Dorsey Wright & Associates purchased a new position in Mitsubishi UFJ Financial Group in the 2nd quarter valued at about $3,053,000. 1.71% of the stock is currently owned by institutional investors and hedge funds.

About Mitsubishi UFJ Financial Group

(Get Rating)

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments.

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