Mitsubishi UFJ Financial Group (NYSE:MUFG) Reaches New 12-Month High – Here’s Why

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) reached a new 52-week high on Saturday . The stock traded as high as $13.71 and last traded at $13.68, with a volume of 17671105 shares changing hands. The stock had previously closed at $13.17.

Wall Street Analysts Forecast Growth

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

Mitsubishi UFJ Financial Group Stock 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 stock has a market capitalization of $165.03 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60. The stock’s 50-day simple moving average is $12.58 and its 200 day simple moving average is $11.58.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results 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%. Analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MUFG. Northern Trust Corp raised its stake in shares of Mitsubishi UFJ Financial Group by 46.6% in the fourth quarter. Northern Trust Corp now owns 10,522,079 shares of the company’s stock worth $123,319,000 after acquiring an additional 3,342,330 shares during the last quarter. Natixis Advisors LLC raised its position in Mitsubishi UFJ Financial Group by 5.4% in the 4th quarter. Natixis Advisors LLC now owns 9,850,891 shares of the company’s stock worth $115,452,000 after purchasing an additional 507,578 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Mitsubishi UFJ Financial Group by 15.7% during the 3rd quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock worth $79,947,000 after buying an additional 1,067,409 shares in the last quarter. Royal Bank of Canada lifted its holdings in Mitsubishi UFJ Financial Group by 40.4% during the 4th quarter. Royal Bank of Canada now owns 6,021,271 shares of the company’s stock worth $70,570,000 after buying an additional 1,731,873 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC boosted its position in Mitsubishi UFJ Financial Group by 4.2% in the 4th quarter. Chevy Chase Trust Holdings LLC now owns 5,950,256 shares of the company’s stock valued at $69,737,000 after buying an additional 241,685 shares during the last quarter. 13.59% of the stock is owned by institutional investors.

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.