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

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $21.17 and last traded at $21.06, with a volume of 523495 shares changing hands. The stock had previously closed at $20.61.

Analyst Upgrades and Downgrades

MUFG has been the topic of a number of research reports. Erste Group Bank assumed coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating on the stock. Mitsubishi UFJ Financial Group began coverage on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They set a “buy” rating for the company. Finally, Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Mitsubishi UFJ Financial Group presently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Up 2.4%

The company has a market capitalization of $250.35 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 0.83 and a beta of 0.39. The company’s fifty day simple moving average is $19.30 and its two-hundred day simple moving average is $18.19.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Institutional investors have recently modified their holdings of the business. AQR Capital Management LLC increased its stake in Mitsubishi UFJ Financial Group by 43.8% during the 1st quarter. AQR Capital Management LLC now owns 334,909 shares of the company’s stock worth $4,565,000 after purchasing an additional 101,930 shares in the last quarter. Focus Partners Wealth increased its position in shares of Mitsubishi UFJ Financial Group by 14.8% during the first quarter. Focus Partners Wealth now owns 15,959 shares of the company’s stock worth $218,000 after acquiring an additional 2,058 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Mitsubishi UFJ Financial Group by 245.3% during the first quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock worth $65,000 after acquiring an additional 3,403 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 104.1% during the first quarter. Acadian Asset Management LLC now owns 41,909 shares of the company’s stock worth $571,000 after acquiring an additional 21,379 shares during the period. Finally, Sivia Capital Partners LLC lifted its position in Mitsubishi UFJ Financial Group by 68.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 35,190 shares of the company’s stock valued at $483,000 after acquiring an additional 14,347 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.