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

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) shares reached a new 52-week high on Saturday . The company traded as high as $15.03 and last traded at $14.97, with a volume of 54969739 shares traded. The stock had previously closed at $14.33.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Mitsubishi UFJ Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th.

Mitsubishi UFJ Financial Group Price Performance

The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 2.06. The company’s fifty day moving average price is $12.82 and its 200 day moving average price is $11.70. The company has a market capitalization of $180.68 billion, a P/E ratio of 13.74, a PEG ratio of 1.16 and a beta of 0.60.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MUFG. Barclays PLC bought a new position in Mitsubishi UFJ Financial Group in the 3rd quarter valued at about $752,000. Fisher Asset Management LLC increased its stake in 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 during the last quarter. Custom Index Systems LLC acquired a new position in Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $281,000. Synovus Financial Corp lifted its stake in Mitsubishi UFJ Financial Group by 24.4% during the third quarter. Synovus Financial Corp now owns 301,550 shares of the company’s stock worth $3,070,000 after purchasing an additional 59,053 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 41.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 258,298 shares of the company’s stock valued at $2,629,000 after purchasing an additional 75,997 shares in the last quarter. 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.