Mitsubishi UFJ Financial Group (NYSE:MUFG) Reaches New 1-Year High – Time to Buy?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s share price reached a new 52-week high on Tuesday . The company traded as high as $13.28 and last traded at $13.26, with a volume of 7025 shares. The stock had previously closed at $12.81.

Wall Street Analysts Forecast Growth

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

Mitsubishi UFJ Financial Group Trading Up 3.9 %

The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. The stock has a market capitalization of $160.68 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 1.13 and a beta of 0.61. The stock has a 50-day moving average price of $12.12 and a two-hundred day moving average price of $11.19.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. On average, research analysts forecast that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

A number of large investors have recently modified their holdings of the stock. Eagle Bay Advisors LLC lifted its holdings in Mitsubishi UFJ Financial Group by 9.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company’s stock worth $118,000 after buying an additional 858 shares during the period. Franklin Resources Inc. raised its position in shares of Mitsubishi UFJ Financial Group by 1.9% in the 3rd quarter. Franklin Resources Inc. now owns 49,208 shares of the company’s stock worth $526,000 after acquiring an additional 938 shares in the last quarter. Abel Hall LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 4.9% in the 3rd quarter. Abel Hall LLC now owns 20,388 shares of the company’s stock valued at $208,000 after purchasing an additional 949 shares during the period. Alaethes Wealth LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 0.4% during the fourth quarter. Alaethes Wealth LLC now owns 214,817 shares of the company’s stock valued at $2,518,000 after purchasing an additional 951 shares in the last quarter. Finally, OLD National Bancorp IN grew its stake in Mitsubishi UFJ Financial Group by 5.1% in the fourth quarter. OLD National Bancorp IN now owns 19,841 shares of the company’s stock worth $233,000 after purchasing an additional 955 shares during the period. Institutional investors 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.