Mitsubishi UFJ Financial Group (NYSE:MUFG) Reaches New 1-Year High – Time to 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 $12.31 and last traded at $12.36, with a volume of 3269 shares changing hands. The stock had previously closed at $12.05.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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 Price Performance

The firm’s 50-day moving average is $11.85 and its two-hundred day moving average is $11.02. The company has a market cap of $146.32 billion, a P/E ratio of 11.89, a PEG ratio of 1.16 and a beta of 0.62. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.91 and a quick ratio of 0.92.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MUFG. Fisher Asset Management LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 15.7% during the third quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock valued at $79,947,000 after purchasing an additional 1,067,409 shares during the period. Artemis Investment Management LLP purchased a new stake in shares of Mitsubishi UFJ Financial Group during the fourth quarter valued at $10,880,000. BNP Paribas Financial Markets boosted its stake in shares of Mitsubishi UFJ Financial Group by 140.9% during the third quarter. BNP Paribas Financial Markets now owns 514,746 shares of the company’s stock valued at $5,240,000 after purchasing an additional 301,065 shares during the period. Quantinno Capital Management LP boosted its stake in shares of Mitsubishi UFJ Financial Group by 31.6% during the third quarter. Quantinno Capital Management LP now owns 797,543 shares of the company’s stock valued at $8,119,000 after purchasing an additional 191,368 shares during the period. Finally, Cerity Partners LLC boosted its stake in shares of Mitsubishi UFJ Financial Group by 30.2% during the third quarter. Cerity Partners LLC now owns 818,014 shares of the company’s stock valued at $8,327,000 after purchasing an additional 189,887 shares during the period. 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 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.