Mitsubishi UFJ Financial Group (NYSE:MUFG) Hits New 52-Week High – Still a Buy?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $17.31 and last traded at $17.2450, with a volume of 302982 shares changing hands. The stock had previously closed at $17.09.

Analyst Ratings Changes

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

Mitsubishi UFJ Financial Group Price Performance

The firm has a market capitalization of $204.54 billion, a P/E ratio of 15.38, a PEG ratio of 1.28 and a beta of 0.35. The company has a quick ratio of 0.89, a current ratio of 0.85 and a debt-to-equity ratio of 1.39. The business’s 50 day moving average is $15.75 and its 200-day moving average is $15.17.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its earnings results on Monday, December 29th. The company reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $9.78 billion for the quarter. Mitsubishi UFJ Financial Group had a return on equity of 9.39% and a net margin of 13.98%. As a group, sell-side analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

A number of institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank boosted its position in shares of Mitsubishi UFJ Financial Group by 4.9% in the 3rd quarter. Huntington National Bank now owns 14,086 shares of the company’s stock worth $225,000 after purchasing an additional 659 shares in the last quarter. Seven Mile Advisory grew its stake in shares of Mitsubishi UFJ Financial Group by 4.7% in the second quarter. Seven Mile Advisory now owns 15,543 shares of the company’s stock worth $213,000 after acquiring 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 third quarter. Xponance Inc. now owns 13,991 shares of the company’s stock valued at $223,000 after acquiring an additional 723 shares in the last quarter. Horizon Investments LLC raised its position in shares of Mitsubishi UFJ Financial Group by 25.8% in the 3rd quarter. Horizon Investments LLC now owns 3,575 shares of the company’s stock worth $57,000 after purchasing an additional 734 shares during the last quarter. Finally, EWA LLC boosted its stake in Mitsubishi UFJ Financial Group by 1.1% in the 3rd quarter. EWA LLC now owns 66,054 shares of the company’s stock worth $1,053,000 after purchasing an additional 740 shares in the last quarter. 13.59% of the stock is owned by institutional investors.

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.