Mitsubishi UFJ Financial Group (NYSE:MUFG) Hits New 52-Week High – Here’s Why

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) shares hit a new 52-week high during trading on Thursday . The company traded as high as $20.04 and last traded at $20.0470, with a volume of 44343 shares changing hands. The stock had previously closed at $19.62.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Zacks Research lowered Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Weiss Ratings upgraded shares of Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Finally, UBS Group upgraded shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Performance

The stock has a market cap of $232.61 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 1.46 and a beta of 0.35. The company’s fifty day simple moving average is $17.11 and its two-hundred day simple moving average is $15.90. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.85 and a quick ratio of 0.89.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its earnings results on Wednesday, February 4th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. Mitsubishi UFJ Financial Group had a net margin of 13.87% and a return on equity of 9.58%. The company had revenue of ($1,075.42) million for the quarter, compared to analyst estimates of $9.30 billion. On average, analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC raised its position in Mitsubishi UFJ Financial Group by 43.8% in the 1st quarter. AQR Capital Management LLC now owns 334,909 shares of the company’s stock valued at $4,565,000 after buying an additional 101,930 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Mitsubishi UFJ Financial Group by 14.8% in the first quarter. Focus Partners Wealth now owns 15,959 shares of the company’s stock valued at $218,000 after purchasing an additional 2,058 shares during the last quarter. Geneos Wealth Management Inc. lifted 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 valued at $65,000 after purchasing an additional 3,403 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in 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 purchasing an additional 21,379 shares during the last quarter. Finally, Sivia Capital Partners LLC grew 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 worth $483,000 after purchasing an additional 14,347 shares in the last quarter. Hedge funds and other 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.