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

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) have been assigned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company.

Several analysts recently issued reports on the company. Mitsubishi UFJ Financial Group started coverage on Mitsubishi UFJ Financial Group in a report on Thursday, June 25th. They issued a “buy” rating for the company. Weiss Ratings cut Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, July 14th. Finally, Erste Group Bank started coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They issued a “buy” rating for the company.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fisher Asset Management LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 2.0% during the fourth quarter. Fisher Asset Management LLC now owns 93,276,119 shares of the company’s stock valued at $1,479,359,000 after purchasing an additional 1,789,620 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Mitsubishi UFJ Financial Group by 0.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 14,011,482 shares of the company’s stock valued at $222,222,000 after purchasing an additional 104,327 shares during the period. Northern Trust Corp grew its holdings in Mitsubishi UFJ Financial Group by 1.9% during the 3rd quarter. Northern Trust Corp now owns 11,397,833 shares of the company’s stock valued at $181,681,000 after purchasing an additional 211,265 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Mitsubishi UFJ Financial Group by 20.0% during the 4th quarter. Clearbridge Investments LLC now owns 6,730,203 shares of the company’s stock valued at $106,741,000 after purchasing an additional 1,121,241 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Mitsubishi UFJ Financial Group by 5.7% during the 1st quarter. Royal Bank of Canada now owns 6,315,948 shares of the company’s stock worth $107,182,000 after buying an additional 338,881 shares during the period. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Price Performance

Mitsubishi UFJ Financial Group stock opened at $22.45 on Monday. The firm has a fifty day moving average of $20.32 and a 200-day moving average of $18.73. Mitsubishi UFJ Financial Group has a 52-week low of $13.62 and a 52-week high of $22.83. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $266.37 billion, a P/E ratio of 15.92, a PEG ratio of 1.06 and a beta of 0.39.

About Mitsubishi UFJ Financial Group

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.