Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) Receives Average Rating of “Buy” from Brokerages

Shares of Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) have received a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. ValuEngine upgraded shares of Mitsubishi UFJ Financial Group from a “strong sell” rating to a “sell” rating in a report on Thursday, April 11th. Finally, UBS Group upgraded shares of Mitsubishi UFJ Financial Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 7th.

Shares of MUFG opened at $4.61 on Friday. The firm has a market cap of $61.40 billion, a price-to-earnings ratio of 6.23, a price-to-earnings-growth ratio of 1.71 and a beta of 1.40. Mitsubishi UFJ Financial Group has a 52-week low of $4.49 and a 52-week high of $6.47.

A number of institutional investors and hedge funds have recently modified their holdings of MUFG. Mackenzie Financial Corp purchased a new stake in Mitsubishi UFJ Financial Group during the fourth quarter worth about $88,000. LPL Financial LLC purchased a new stake in Mitsubishi UFJ Financial Group during the fourth quarter worth about $72,000. SG Americas Securities LLC increased its stake in Mitsubishi UFJ Financial Group by 13.0% during the fourth quarter. SG Americas Securities LLC now owns 26,121 shares of the company’s stock worth $127,000 after purchasing an additional 3,000 shares during the period. Evergreen Capital Management LLC increased its stake in Mitsubishi UFJ Financial Group by 17.0% during the first quarter. Evergreen Capital Management LLC now owns 29,891 shares of the company’s stock worth $148,000 after purchasing an additional 4,354 shares during the period. Finally, Heathbridge Capital Management Ltd. increased its stake in Mitsubishi UFJ Financial Group by 19.6% during the first quarter. Heathbridge Capital Management Ltd. now owns 5,193,750 shares of the company’s stock worth $25,709,000 after purchasing an additional 852,800 shares during the period. Hedge funds and other institutional investors own 1.14% of the company’s stock.

About Mitsubishi UFJ Financial Group

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.

Read More: Options Trading – What is a Straddle?

Receive News & Ratings for Mitsubishi UFJ Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitsubishi UFJ Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.