Mitsubishi UFJ Financial Group (NYSE:MUFG) Sees Strong Trading Volume

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFGGet Rating) saw strong trading volume on Thursday . 487,270 shares were traded during mid-day trading, a decline of 85% from the previous session’s volume of 3,333,440 shares.The stock last traded at $5.48 and had previously closed at $5.52.

Several research analysts have recently commented on the company. The Goldman Sachs Group initiated coverage on Mitsubishi UFJ Financial Group in a research note on Wednesday, April 27th. StockNews.com downgraded Mitsubishi UFJ Financial Group from a “buy” rating to a “hold” rating in a research note on Sunday, May 29th.

The stock has a fifty day moving average of $5.74 and a 200-day moving average of $5.95. The company has a market cap of $69.59 billion, a PE ratio of 6.99, a PEG ratio of 0.57 and a beta of 0.72.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MUFG. Bank of America Corp DE raised its position in shares of 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 worth $107,639,000 after acquiring an additional 6,037,784 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Mitsubishi UFJ Financial Group by 24.0% during 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 in the last quarter. Wellington Management Group LLP acquired a new position in Mitsubishi UFJ Financial Group during the 3rd quarter valued at about $11,004,000. Todd Asset Management LLC grew its stake in Mitsubishi UFJ Financial Group by 75.3% during the 1st quarter. Todd Asset Management LLC now owns 3,654,783 shares of the company’s stock valued at $22,596,000 after purchasing an additional 1,569,529 shares during the last quarter. Finally, Natixis Advisors L.P. grew its stake in Mitsubishi UFJ Financial Group by 19.4% during the 1st quarter. Natixis Advisors L.P. now owns 7,412,347 shares of the company’s stock valued at $45,882,000 after purchasing an additional 1,206,692 shares during the last quarter. 13.09% of the stock is owned by hedge funds and other institutional investors.

About Mitsubishi UFJ Financial Group (NYSE:MUFG)

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

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