Mitsubishi UFJ Financial Group (NYSE:MUFG) Reaches New 1-Year High – Here’s Why

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) shares hit a new 52-week high 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.

Analysts Set New Price Targets

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

Mitsubishi UFJ Financial Group Trading Up 3.0 %

The stock has a market cap of $149.82 billion, a PE ratio of 12.17, a PEG ratio of 1.12 and a beta of 0.62. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.92 and a current ratio of 0.91. The business has a 50-day moving average of $11.83 and a 200 day moving average of $11.01.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Several hedge funds have recently modified their holdings of the stock. Fisher Asset Management LLC lifted 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 worth $79,947,000 after acquiring an additional 1,067,409 shares in the last quarter. Artemis Investment Management LLP bought a new stake in Mitsubishi UFJ Financial Group in the fourth quarter valued at about $10,880,000. BNP Paribas Financial Markets lifted its stake in Mitsubishi UFJ Financial Group by 140.9% in the third quarter. BNP Paribas Financial Markets now owns 514,746 shares of the company’s stock valued at $5,240,000 after buying an additional 301,065 shares during the last quarter. Sei Investments Co. lifted its position in Mitsubishi UFJ Financial Group by 6.4% in the 2nd quarter. Sei Investments Co. now owns 3,250,210 shares of the company’s stock valued at $35,102,000 after purchasing an additional 195,882 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its position 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 worth $8,119,000 after buying an additional 191,368 shares during the period. 13.59% of the stock is currently owned by hedge funds and other 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.