Mitsubishi UFJ Financial Group (NYSE:MUFG) Shares Gap Up - Here's What Happened

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report) shares gapped up prior to trading 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.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, November 23rd.

Mitsubishi UFJ Financial Group Stock Up 2.8 %

The stock has a market cap of $138.84 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.07 and a beta of 0.59. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 2.04. The firm's fifty day moving average is $10.88 and its 200 day moving average is $10.61.

Institutional Trading of Mitsubishi UFJ Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Natixis Advisors LLC increased its holdings in shares of Mitsubishi UFJ Financial Group by 3.2% during the 2nd quarter. Natixis Advisors LLC now owns 12,059,977 shares of the company's stock worth $130,248,000 after purchasing an additional 379,105 shares during the period. Fisher Asset Management LLC raised its holdings in Mitsubishi UFJ Financial Group by 15.7% in 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. Chevy Chase Trust Holdings LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 3.8% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 5,879,191 shares of the company's stock worth $63,495,000 after purchasing an additional 217,799 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Mitsubishi UFJ Financial Group by 3.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,440,510 shares of the company's stock worth $47,958,000 after purchasing an additional 135,773 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Mitsubishi UFJ Financial Group by 6.4% during the second quarter. Sei Investments Co. now owns 3,250,210 shares of the company's stock valued at $35,102,000 after purchasing an additional 195,882 shares during the period. Institutional investors and hedge funds 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.