Mitsubishi UFJ Financial Group (NYSE:MUFG) Hits New 52-Week High – What’s Next?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $13.28 and last traded at $13.26, with a volume of 7025 shares changing hands. The stock had previously closed at $12.81.

Wall Street Analysts Forecast Growth

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

Mitsubishi UFJ Financial Group Trading Up 3.9 %

The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 2.06. The stock has a market cap of $160.68 billion, a PE ratio of 12.22, a PEG ratio of 1.13 and a beta of 0.61. The firm has a fifty day simple moving average of $12.12 and a two-hundred day simple moving average of $11.19.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates 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%. As a group, equities analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Whipplewood Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group during the 4th quarter valued at about $29,000. Venturi Wealth Management LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 72.8% during the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock valued at $54,000 after purchasing an additional 2,229 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Mitsubishi UFJ Financial Group in the third quarter worth approximately $55,000. Steward Partners Investment Advisory LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 33.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock worth $59,000 after buying an additional 1,279 shares during the period. Finally, Sierra Ocean LLC bought a new stake in Mitsubishi UFJ Financial Group during the 4th quarter valued at $62,000. 13.59% of the stock is owned by institutional investors.

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.