Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Down – Here’s Why

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $12.54, but opened at $12.24. Mitsubishi UFJ Financial Group shares last traded at $12.23, with a volume of 125,560 shares traded.

Wall Street Analysts Forecast Growth

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

Mitsubishi UFJ Financial Group Price Performance

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 business’s fifty day moving average price is $11.86 and its 200-day moving average price is $11.02. The stock has a market capitalization of $147.53 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 1.12 and a beta of 0.62.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

A number of hedge funds have recently added to or reduced their stakes in MUFG. Venturi Wealth Management LLC lifted its stake in Mitsubishi UFJ Financial Group by 72.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock valued at $54,000 after acquiring an additional 2,229 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Mitsubishi UFJ Financial Group during the 3rd quarter valued at approximately $55,000. Versant Capital Management Inc purchased a new stake in Mitsubishi UFJ Financial Group in the fourth quarter worth $71,000. Eagle Bay Advisors LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 9.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company’s stock valued at $118,000 after buying an additional 858 shares during the period. Finally, Veracity Capital LLC purchased a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at $118,000. Institutional investors and hedge funds own 13.59% of the company’s stock.

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.