Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down – Here’s Why

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) shares gapped down prior to trading on Wednesday . The stock had previously closed at $12.54, but opened at $12.24. Mitsubishi UFJ Financial Group shares last traded at $12.23, with a volume of 125,560 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd.

Mitsubishi UFJ Financial Group Price Performance

The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 2.04. The firm has a market cap of $147.05 billion, a P/E ratio of 11.96, a PEG ratio of 1.12 and a beta of 0.62. The business’s fifty day simple moving average is $11.85 and its 200-day simple moving average is $11.02.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

A number of large investors have recently added to or reduced their stakes in MUFG. Eagle Bay Advisors LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 9.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company’s stock worth $118,000 after acquiring an additional 858 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Mitsubishi UFJ Financial Group by 1.9% during the third quarter. Franklin Resources Inc. now owns 49,208 shares of the company’s stock valued at $526,000 after purchasing an additional 938 shares in the last quarter. Abel Hall LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 4.9% during the 3rd quarter. Abel Hall LLC now owns 20,388 shares of the company’s stock valued at $208,000 after acquiring an additional 949 shares during the last quarter. Waldron Private Wealth LLC grew its position in Mitsubishi UFJ Financial Group by 9.0% in the 3rd quarter. Waldron Private Wealth LLC now owns 11,742 shares of the company’s stock worth $120,000 after purchasing an additional 968 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in Mitsubishi UFJ Financial Group by 2.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 68,398 shares of the company’s stock valued at $696,000 after acquiring an additional 1,336 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Company Profile

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.