Mitsubishi UFJ Financial Group (NYSE:MUFG) Hits New 12-Month High – Here’s Why

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) hit a new 52-week high during mid-day trading on Saturday . The stock traded as high as $15.03 and last traded at $14.97, with a volume of 54969739 shares traded. The stock had previously closed at $14.33.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th.

Mitsubishi UFJ Financial Group Trading Up 4.5 %

The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. The business’s fifty day moving average is $12.82 and its two-hundred day moving average is $11.72. The firm has a market cap of $180.68 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a return on equity of 9.27% and a net margin of 14.19%. Equities analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Institutional Trading of Mitsubishi UFJ Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MUFG. Forum Financial Management LP grew its position in shares of Mitsubishi UFJ Financial Group by 5.7% during the 4th quarter. Forum Financial Management LP now owns 357,561 shares of the company’s stock worth $4,191,000 after buying an additional 19,122 shares during the period. Toronto Dominion Bank bought a new position in Mitsubishi UFJ Financial Group in the fourth quarter valued at approximately $4,525,000. Vise Technologies Inc. grew its holdings in Mitsubishi UFJ Financial Group by 70.4% during the 4th quarter. Vise Technologies Inc. now owns 202,221 shares of the company’s stock worth $2,370,000 after acquiring an additional 83,545 shares during the period. Gordian Capital Singapore Pte Ltd grew its holdings in Mitsubishi UFJ Financial Group by 74.5% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 105,000 shares of the company’s stock worth $1,231,000 after acquiring an additional 44,826 shares during the period. Finally, Waverly Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at $152,000. 13.59% of the stock is currently owned by institutional investors and hedge funds.

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.