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

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s share price gapped down prior to trading on Friday . The stock had previously closed at $12.07, but opened at $11.71. Mitsubishi UFJ Financial Group shares last traded at $11.71, with a volume of 400,575 shares trading hands.

Mitsubishi UFJ Financial Group Stock Performance

The company has a fifty day moving average price of $10.56 and a 200 day moving average price of $10.49. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $135.81 billion, a P/E ratio of 14.13, a P/E/G 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 modified their holdings of the business. HighTower Advisors LLC lifted its stake in Mitsubishi UFJ Financial Group by 6.6% in the third quarter. HighTower Advisors LLC now owns 440,317 shares of the company’s stock valued at $4,493,000 after purchasing an additional 27,451 shares during the last quarter. Hilltop Holdings Inc. raised its stake in shares of Mitsubishi UFJ Financial Group by 42.3% in the third quarter. Hilltop Holdings Inc. now owns 17,019 shares of the company’s stock valued at $173,000 after buying an additional 5,059 shares during the period. Benjamin Edwards Inc. purchased a new position in shares of Mitsubishi UFJ Financial Group during the 3rd quarter valued at $618,000. Captrust Financial Advisors grew its stake in shares of Mitsubishi UFJ Financial Group by 13.5% during the 3rd quarter. Captrust Financial Advisors now owns 87,556 shares of the company’s stock worth $891,000 after acquiring an additional 10,434 shares during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in Mitsubishi UFJ Financial Group by 10.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 53,964 shares of the company’s stock worth $549,000 after acquiring an additional 5,147 shares during the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

About Mitsubishi UFJ Financial Group

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.