Today: Goldman Sachs Group Inc. Downgraded Mitsubishi UFJ Financial Group Inc. (MTU) to Neutral

Today: Goldman Sachs Group Inc. Downgraded Mitsubishi UFJ Financial Group Inc. (MTU) to Neutral

Goldman Sachs Group Inc. downgraded shares of Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) from a buy rating to a neutral rating in a report published on Wednesday.

Several other analysts have also recently commented on MTU. Clsa Americas restated an outperform rating on shares of Mitsubishi UFJ Financial Group in a report on Tuesday, November 15th. Daiwa Capital Markets upgraded Mitsubishi UFJ Financial Group from a neutral rating to an outperform rating in a report on Friday, September 2nd. restated an outperform rating on shares of Mitsubishi UFJ Financial Group in a report on Tuesday, November 15th. Finally, Zacks Investment Research upgraded Mitsubishi UFJ Financial Group from a sell rating to a hold rating in a report on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold.

Mitsubishi UFJ Financial Group (NYSE:MTU) opened at 5.90 on Wednesday. The stock has a market capitalization of $80.14 billion, a price-to-earnings ratio of 13.02 and a beta of 1.60. The firm has a 50-day moving average of $5.33 and a 200 day moving average of $5.04. Mitsubishi UFJ Financial Group has a 52 week low of $3.86 and a 52 week high of $6.61.

Several institutional investors have recently added to or reduced their stakes in MTU. D.A. Davidson & CO. raised its position in Mitsubishi UFJ Financial Group by 358.8% in the third quarter. D.A. Davidson & CO. now owns 42,815 shares of the company’s stock valued at $214,000 after buying an additional 33,483 shares in the last quarter. Jane Street Group LLC raised its position in Mitsubishi UFJ Financial Group by 127.0% in the third quarter. Jane Street Group LLC now owns 211,336 shares of the company’s stock valued at $1,067,000 after buying an additional 118,245 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in Mitsubishi UFJ Financial Group during the third quarter valued at $894,000. Johnson Investment Counsel Inc. raised its position in 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 in the last quarter. Finally, HighTower Advisors LLC raised its position in Mitsubishi UFJ Financial Group by 148.0% in the third quarter. HighTower Advisors LLC now owns 25,970 shares of the company’s stock valued at $130,000 after buying an additional 15,499 shares during the period. 0.96% of the stock is currently owned by institutional investors and hedge funds.

About Mitsubishi UFJ Financial Group

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