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

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) reached a new 52-week high during trading on Tuesday . The company traded as high as $12.31 and last traded at $12.36, with a volume of 3269 shares traded. The stock had previously closed at $12.05.

Analyst Upgrades and Downgrades

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

Mitsubishi UFJ Financial Group Stock Up 3.0 %

The business’s fifty day moving average is $11.83 and its two-hundred day moving average is $11.01. The stock has a market cap of $149.82 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 1.12 and a beta of 0.62. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 2.04.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Large investors have recently modified their holdings of the company. Eagle Bay Advisors LLC raised its position in Mitsubishi UFJ Financial Group by 9.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company’s stock worth $118,000 after buying an additional 858 shares during the last quarter. Franklin Resources Inc. boosted its position in Mitsubishi UFJ Financial Group by 1.9% during the third quarter. Franklin Resources Inc. now owns 49,208 shares of the company’s stock worth $526,000 after purchasing an additional 938 shares in the last quarter. Abel Hall LLC increased its position in shares of Mitsubishi UFJ Financial Group by 4.9% in the third quarter. Abel Hall LLC now owns 20,388 shares of the company’s stock valued at $208,000 after buying an additional 949 shares in the last quarter. Waldron Private Wealth LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 9.0% during the 3rd quarter. Waldron Private Wealth LLC now owns 11,742 shares of the company’s stock worth $120,000 after buying an additional 968 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Mitsubishi UFJ Financial Group by 2.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 68,398 shares of the company’s stock worth $696,000 after buying an additional 1,336 shares in the last quarter. 13.59% of the stock is owned by institutional investors and hedge funds.

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.