Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Up – What’s Next?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) gapped up before the market opened on Friday . The stock had previously closed at $11.58, but opened at $11.93. Mitsubishi UFJ Financial Group shares last traded at $11.84, with a volume of 100,914 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd.

Mitsubishi UFJ Financial Group Stock Up 2.7 %

The firm’s 50-day simple moving average is $10.86 and its two-hundred day simple moving average is $10.60. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.91 and a quick ratio of 0.92. The company has a market capitalization of $138.61 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.07 and a beta of 0.59.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in Mitsubishi UFJ Financial Group by 98.7% in the third quarter. Blue Trust Inc. now owns 125,734 shares of the company’s stock valued at $1,358,000 after purchasing an additional 62,449 shares during the last quarter. Federated Hermes Inc. grew its stake in Mitsubishi UFJ Financial Group by 17.7% in the 2nd quarter. Federated Hermes Inc. now owns 975,661 shares of the company’s stock valued at $10,537,000 after acquiring an additional 146,904 shares during the last quarter. Bleakley Financial Group LLC grew its stake in Mitsubishi UFJ Financial Group by 11.8% in the 3rd quarter. Bleakley Financial Group LLC now owns 25,613 shares of the company’s stock valued at $261,000 after acquiring an additional 2,701 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Mitsubishi UFJ Financial Group by 15.7% during the 3rd quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock valued at $79,947,000 after acquiring an additional 1,067,409 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in Mitsubishi UFJ Financial Group by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 2,342,140 shares of the company’s stock worth $23,960,000 after acquiring an additional 405,000 shares during the last quarter. 13.59% of the stock is owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.