Mitsubishi UFJ Financial Group (NYSE:MUFG) Hits New 12-Month High – Should You Buy?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) shares reached a new 52-week high on Monday . The company traded as high as $16.58 and last traded at $16.5450, with a volume of 18143 shares. The stock had previously closed at $16.01.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Zacks Research cut shares of Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Mitsubishi UFJ Financial Group Stock Performance

The stock has a 50 day moving average price of $15.36 and a two-hundred day moving average price of $14.83. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.85 and a quick ratio of 0.89. The company has a market capitalization of $195.16 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 1.17 and a beta of 0.34.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Friday, November 14th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. Mitsubishi UFJ Financial Group had a net margin of 13.98% and a return on equity of 9.39%. The company had revenue of $23.61 billion during the quarter, compared to the consensus estimate of $9.19 billion. On average, analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Institutional Trading of Mitsubishi UFJ Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in MUFG. Goldman Sachs Group Inc. increased its position in shares of Mitsubishi UFJ Financial Group by 2.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,652,332 shares of the company’s stock worth $172,451,000 after purchasing an additional 288,583 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Mitsubishi UFJ Financial Group by 79.4% in the second quarter. JPMorgan Chase & Co. now owns 771,913 shares of the company’s stock valued at $10,591,000 after buying an additional 341,671 shares in the last quarter. Walleye Capital LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 991.8% in the second quarter. Walleye Capital LLC now owns 353,838 shares of the company’s stock valued at $4,855,000 after buying an additional 321,430 shares in the last quarter. SCS Capital Management LLC increased its holdings in Mitsubishi UFJ Financial Group by 482.0% during the second quarter. SCS Capital Management LLC now owns 1,107,229 shares of the company’s stock worth $15,191,000 after buying an additional 916,992 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in Mitsubishi UFJ Financial Group during the second quarter worth $999,000. 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.