Mitsubishi UFJ Financial Group (NYSE:MUFG) Reaches New 1-Year High – Still a Buy?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $12.69 and last traded at $12.89, with a volume of 7806 shares trading hands. The stock had previously closed at $12.45.

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 report on Saturday, November 23rd.

Mitsubishi UFJ Financial Group Price Performance

The company’s 50-day simple moving average is $11.88 and its 200-day simple moving average is $11.04. The stock has a market capitalization of $155.20 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 1.12 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.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. lifted its holdings in Mitsubishi UFJ Financial Group by 98.7% during the 3rd quarter. Blue Trust Inc. now owns 125,734 shares of the company’s stock worth $1,358,000 after purchasing an additional 62,449 shares during the last quarter. Barclays PLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the third quarter valued at about $752,000. Fisher Asset Management LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 15.7% in the third quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock valued at $79,947,000 after acquiring an additional 1,067,409 shares in the last quarter. Bleakley Financial Group LLC increased its position in Mitsubishi UFJ Financial Group by 11.8% during the third quarter. Bleakley Financial Group LLC now owns 25,613 shares of the company’s stock worth $261,000 after acquiring an additional 2,701 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its holdings in Mitsubishi UFJ Financial Group by 23.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 866,032 shares of the company’s stock valued at $8,816,000 after purchasing an additional 164,206 shares during the period. 13.59% of the stock is currently owned by institutional investors and hedge funds.

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.