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

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) shares hit a new 52-week high during trading on Friday . The stock traded as high as $20.23 and last traded at $20.0650, with a volume of 1127284 shares traded. The stock had previously closed at $20.05.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Trading Down 0.7%

The stock has a market cap of $236.23 billion, a P/E ratio of 14.12, a P/E/G ratio of 0.81 and a beta of 0.40. The firm’s fifty day moving average is $18.26 and its 200 day moving average is $17.53.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last announced its earnings results on Saturday, May 16th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. The firm had revenue of $15.36 billion for the quarter, compared to the consensus estimate of $9.34 billion. Mitsubishi UFJ Financial Group had a net margin of 16.65% and a return on equity of 11.07%. Research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 1.41 earnings per share for the current fiscal year.

Institutional Trading of Mitsubishi UFJ Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its position in Mitsubishi UFJ Financial Group by 1.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,941,830 shares of the company’s stock worth $78,773,000 after purchasing an additional 93,051 shares during the last quarter. Caprock Group LLC acquired a new stake in Mitsubishi UFJ Financial Group in the 3rd quarter worth $2,367,000. Tudor Investment Corp ET AL grew its position in Mitsubishi UFJ Financial Group by 834.1% in the 3rd quarter. Tudor Investment Corp ET AL now owns 534,118 shares of the company’s stock worth $8,514,000 after purchasing an additional 476,941 shares during the last quarter. Natixis Advisors LLC grew its position in Mitsubishi UFJ Financial Group by 14.9% in the 3rd quarter. Natixis Advisors LLC now owns 13,240,940 shares of the company’s stock worth $211,061,000 after purchasing an additional 1,718,759 shares during the last quarter. Finally, Factory Mutual Insurance Co. acquired a new stake in Mitsubishi UFJ Financial Group in the 3rd quarter worth $6,286,000. 13.59% of the stock is currently owned by institutional investors and hedge funds.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.