Mitsubishi UFJ Financial Group (NYSE:MUFG) Sets New 12-Month High – Should You Buy?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.28 and last traded at $13.26, with a volume of 7025 shares traded. The stock had previously closed at $12.81.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 23rd.

Mitsubishi UFJ Financial Group Stock Down 0.9 %

The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92. The company has a market cap of $157.06 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 1.19 and a beta of 0.61. The firm’s 50 day simple moving average is $12.16 and its 200-day simple moving average is $11.23.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. As a group, sell-side analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Several large investors have recently bought and sold shares of MUFG. Whipplewood Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth about $29,000. Venturi Wealth Management LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 72.8% during the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company’s stock worth $54,000 after buying an additional 2,229 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Mitsubishi UFJ Financial Group during the third quarter worth about $55,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 33.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company’s stock worth $59,000 after buying an additional 1,279 shares during the period. Finally, Sierra Ocean LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter worth about $62,000. Institutional investors and hedge funds own 13.59% of the company’s stock.

Mitsubishi UFJ Financial Group Company Profile

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.