Mitsubishi UFJ Financial Group (NYSE:MUFG) Hits New 1-Year High – Here’s Why

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) hit a new 52-week high during trading on Monday . The stock traded as high as $16.58 and last traded at $16.5450, with a volume of 18143 shares trading hands. The stock had previously closed at $16.01.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MUFG. Weiss Ratings reissued a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, October 8th. Zacks Research lowered shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Mitsubishi UFJ Financial Group Price Performance

The company has a debt-to-equity ratio of 1.39, a current ratio of 0.85 and a quick ratio of 0.89. The stock has a market capitalization of $195.16 billion, a P/E ratio of 14.67, a PEG ratio of 1.17 and a beta of 0.34. The stock’s fifty day moving average is $15.36 and its 200-day moving average is $14.83.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Friday, November 14th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.10. Mitsubishi UFJ Financial Group had a return on equity of 9.39% and a net margin of 13.98%.The company had revenue of $23.61 billion during the quarter, compared to the consensus estimate of $9.19 billion. On average, equities analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Institutional Trading of Mitsubishi UFJ Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Huntington National Bank boosted its position in shares of Mitsubishi UFJ Financial Group by 4.9% in the third quarter. Huntington National Bank now owns 14,086 shares of the company’s stock valued at $225,000 after acquiring an additional 659 shares during the period. Seven Mile Advisory grew its position in Mitsubishi UFJ Financial Group by 4.7% in the 2nd quarter. Seven Mile Advisory now owns 15,543 shares of the company’s stock worth $213,000 after purchasing an additional 702 shares during the last quarter. Xponance Inc. increased its holdings in shares of Mitsubishi UFJ Financial Group by 5.4% during the 3rd quarter. Xponance Inc. now owns 13,991 shares of the company’s stock worth $223,000 after purchasing an additional 723 shares during the period. Horizon Investments LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 25.8% in the third quarter. Horizon Investments LLC now owns 3,575 shares of the company’s stock valued at $57,000 after buying an additional 734 shares during the period. Finally, EWA LLC grew its position in Mitsubishi UFJ Financial Group by 1.1% during the third quarter. EWA LLC now owns 66,054 shares of the company’s stock worth $1,053,000 after buying an additional 740 shares in the last quarter. 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.