Mitsubishi UFJ Financial Group (MUFG) Reaches New 12-Month Low at $5.33

Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $5.33 and last traded at $5.23, with a volume of 42141 shares traded. The stock had previously closed at $5.46.

MUFG has been the topic of a number of recent analyst reports. Daiwa Capital Markets upgraded Mitsubishi UFJ Financial Group from a “neutral” rating to an “outperform” rating in a research report on Monday, September 3rd. Citigroup initiated coverage on Mitsubishi UFJ Financial Group in a research report on Tuesday, November 13th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research restated a “hold” rating on shares of Mitsubishi UFJ Financial Group in a research report on Wednesday, November 14th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $7.50.

The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $71.37 billion, a P/E ratio of 7.38, a price-to-earnings-growth ratio of 1.88 and a beta of 1.55.

Several hedge funds and other institutional investors have recently modified their holdings of MUFG. BlackRock Inc. bought a new position in Mitsubishi UFJ Financial Group in the first quarter valued at about $796,000. BB&T Corp bought a new position in Mitsubishi UFJ Financial Group in the third quarter valued at about $1,792,000. Aperio Group LLC bought a new position in Mitsubishi UFJ Financial Group in the third quarter valued at about $29,483,000. Whittier Trust Co. of Nevada Inc. bought a new position in Mitsubishi UFJ Financial Group in the third quarter valued at about $291,000. Finally, Fisher Asset Management LLC grew its position in Mitsubishi UFJ Financial Group by 3.5% in the third quarter. Fisher Asset Management LLC now owns 1,038,583 shares of the company’s stock valued at $6,429,000 after acquiring an additional 35,491 shares during the last quarter. Institutional investors own 1.07% of the company’s stock.

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Mitsubishi UFJ Financial Group Company Profile (NYSE:MUFG)

Mitsubishi UFJ Financial Group, Inc, a bank holding company, provides financial services in Japan and internationally. Its Retail Banking Business Group segment offers a range of products and services, such as bank deposits, loans, asset management and administration services, investment products, and settlement services.

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