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

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $12.15 and last traded at $12.15, with a volume of 5847 shares traded. The stock had previously closed at $11.91.

Wall Street Analyst Weigh In

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

Mitsubishi UFJ Financial Group Stock Performance

The company’s fifty day moving average price is $10.88 and its two-hundred day moving average price is $10.61. 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 firm has a market capitalization of $142.10 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.10 and a beta of 0.59.

Institutional Trading of Mitsubishi UFJ Financial Group

Institutional investors have recently modified their holdings of the company. Fisher Asset Management LLC lifted its position in Mitsubishi UFJ Financial Group by 15.7% during the third quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock valued at $79,947,000 after buying an additional 1,067,409 shares in the last quarter. Thornburg Investment Management Inc. boosted its position in Mitsubishi UFJ Financial Group by 154.2% during the 2nd quarter. Thornburg Investment Management Inc. now owns 1,105,928 shares of the company’s stock worth $12,041,000 after purchasing an additional 670,787 shares during the period. Natixis Advisors LLC increased its holdings in Mitsubishi UFJ Financial Group by 3.2% in the 2nd quarter. Natixis Advisors LLC now owns 12,059,977 shares of the company’s stock valued at $130,248,000 after purchasing an additional 379,105 shares in the last quarter. BNP Paribas Financial Markets raised its position 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 purchasing an additional 301,065 shares during the period. Finally, Chevy Chase Trust Holdings LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 3.8% during the second quarter. Chevy Chase Trust Holdings LLC now owns 5,879,191 shares of the company’s stock worth $63,495,000 after purchasing an additional 217,799 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company’s stock.

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.