Todays Report: Today, Brokerages give average Rating of “Hold” to Mitsubishi UFJ Financial Group Inc. (MTU)

Today, Brokerages give average Rating of “Hold” to Mitsubishi UFJ Financial Group Inc. (MTU)

Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) has been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company.

A number of analysts have recently commented on MTU shares. Daiwa Capital Markets upgraded Mitsubishi UFJ Financial Group from a “neutral” rating to an “outperform” rating in a research report on Friday, September 2nd. Goldman Sachs Group Inc. cut Mitsubishi UFJ Financial Group from a “buy” rating to a “neutral” rating in a research report on Wednesday. Zacks Investment Research upgraded Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, August 22nd. Clsa Americas restated an “outperform” rating on shares of Mitsubishi UFJ Financial Group in a research report on Tuesday, November 15th. Finally, restated an “outperform” rating on shares of Mitsubishi UFJ Financial Group in a research report on Tuesday, November 15th.

Hedge funds have recently modified their holdings of the company. Johnson Investment Counsel Inc. boosted its stake in shares of Mitsubishi UFJ Financial Group by 0.8% in the third quarter. Johnson Investment Counsel Inc. now owns 49,076 shares of the company’s stock valued at $247,000 after buying an additional 393 shares during the last quarter. 1st Global Advisors Inc. boosted its stake in shares of Mitsubishi UFJ Financial Group by 7.1% in the third quarter. 1st Global Advisors Inc. now owns 31,009 shares of the company’s stock valued at $157,000 after buying an additional 2,060 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Mitsubishi UFJ Financial Group by 2.0% in the third quarter. Bank of Montreal Can now owns 141,856 shares of the company’s stock valued at $716,000 after buying an additional 2,790 shares during the last quarter. US Bancorp DE boosted its stake in shares of Mitsubishi UFJ Financial Group by 5.5% in the third quarter. US Bancorp DE now owns 90,770 shares of the company’s stock valued at $459,000 after buying an additional 4,718 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 2.1% in the third quarter. Hsbc Holdings PLC now owns 250,675 shares of the company’s stock valued at $1,266,000 after buying an additional 5,220 shares during the last quarter. Hedge funds and other institutional investors own 0.98% of the company’s stock.

Shares of Mitsubishi UFJ Financial Group (NYSE:MTU) opened at 5.90 on Monday. Mitsubishi UFJ Financial Group has a 52-week low of $3.86 and a 52-week high of $6.61. The stock’s 50 day moving average price is $5.33 and its 200 day moving average price is $5.04. The company has a market capitalization of $80.14 billion, a P/E ratio of 12.77 and a beta of 1.60.

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