Mitsubishi UFJ Financial Group (NYSE:MUFG) Reaches New 12-Month High – What’s Next?

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $20.39 and last traded at $20.16, with a volume of 166583 shares traded. The stock had previously closed at $20.16.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Performance

The stock has a 50 day moving average price of $18.58 and a 200 day moving average price of $17.71. The company has a market cap of $239.79 billion, a P/E ratio of 14.33, a P/E/G ratio of 0.82 and a beta of 0.40.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings data on Saturday, May 16th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. Mitsubishi UFJ Financial Group had a return on equity of 11.07% and a net margin of 16.65%.The company had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $9.34 billion. As a group, equities research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 1.41 earnings per share for the current year.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Several hedge funds have recently modified their holdings of the stock. Laurel Wealth Advisors LLC acquired a new position in Mitsubishi UFJ Financial Group during the fourth quarter valued at $26,000. Signature Equity Partners LLC grew its stake in Mitsubishi UFJ Financial Group by 73.0% in the first quarter. Signature Equity Partners LLC now owns 1,697 shares of the company’s stock valued at $29,000 after purchasing an additional 716 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group in the first quarter valued at about $29,000. JPL Wealth Management LLC purchased a new position in Mitsubishi UFJ Financial Group in the third quarter valued at about $34,000. Finally, Redmont Wealth Advisors LLC purchased a new position in Mitsubishi UFJ Financial Group in the third quarter valued at about $35,000. 13.59% of the stock is owned by hedge funds and other 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.