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

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) hit a new 52-week high on Tuesday . The stock traded as high as $12.69 and last traded at $12.89, with a volume of 7806 shares changing hands. The stock had previously closed at $12.45.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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 has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 2.04. The stock has a market capitalization of $155.20 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 1.12 and a beta of 0.62. The business’s 50 day simple moving average is $11.88 and its 200-day simple moving average is $11.04.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC lifted its stake in Mitsubishi UFJ Financial Group by 38.0% in the 2nd quarter. Renaissance Technologies LLC now owns 231,900 shares of the company’s stock valued at $2,505,000 after purchasing an additional 63,900 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Mitsubishi UFJ Financial Group by 11.4% in the 2nd quarter. Bank of Montreal Can now owns 75,907 shares of the company’s stock valued at $821,000 after acquiring an additional 7,795 shares during the last quarter. Xponance Inc. lifted its stake in shares of Mitsubishi UFJ Financial Group by 21.2% in the 2nd quarter. Xponance Inc. now owns 13,687 shares of the company’s stock valued at $148,000 after acquiring an additional 2,397 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Mitsubishi UFJ Financial Group by 49.8% during the 2nd quarter. AQR Capital Management LLC now owns 159,255 shares of the company’s stock valued at $1,720,000 after acquiring an additional 52,915 shares in the last quarter. Finally, Kathmere Capital Management LLC bought a new stake in Mitsubishi UFJ Financial Group during the 2nd quarter worth $126,000. 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.