Mitsubishi UFJ Financial Group Inc (NYSE:MTU) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.

Separately, Zacks Investment Research raised shares of Mitsubishi UFJ Financial Group from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $7.50.

Mitsubishi UFJ Financial Group (MTU) opened at 6.18 on Friday. Mitsubishi UFJ Financial Group has a 12 month low of $4.83 and a 12 month high of $7.01. The firm has a market cap of $82.12 billion, a PE ratio of 30.75 and a beta of 1.59. The company has a 50-day moving average price of $6.48 and a 200 day moving average price of $6.47.

Mitsubishi UFJ Financial Group (NYSE:MTU) last issued its quarterly earnings results on Tuesday, August 1st. The bank reported $0.20 EPS for the quarter, topping the consensus estimate of $0.15 by $0.05. Mitsubishi UFJ Financial Group had a net margin of 16.99% and a return on equity of 6.59%. The business had revenue of $13.57 billion for the quarter. Equities research analysts anticipate that Mitsubishi UFJ Financial Group will post $0.55 EPS for the current year.

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A number of institutional investors have recently modified their holdings of MTU. Miracle Mile Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the first quarter worth about $100,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the second quarter worth about $109,000. Proficio Capital Partners LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 50.4% in the first quarter. Proficio Capital Partners LLC now owns 16,204 shares of the bank’s stock worth $102,000 after buying an additional 5,429 shares in the last quarter. Paloma Partners Management Co acquired a new position in shares of Mitsubishi UFJ Financial Group during the first quarter worth about $103,000. Finally, Tiedemann Wealth Management LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 3.9% in the first quarter. Tiedemann Wealth Management LLC now owns 17,104 shares of the bank’s stock worth $108,000 after buying an additional 644 shares in the last quarter. 1.02% of the stock is currently owned by hedge funds and other institutional investors.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFJ) is a bank holding company. The Company’s segments include Integrated Retail Banking Business Group, Integrated Corporate Banking Business Group, Integrated Trust Assets Business Group, Integrated Global Business Group and Krungsri. The Company’s services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and various fields of financial services.

Analyst Recommendations for Mitsubishi UFJ Financial Group (NYSE:MTU)

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