Mitsubishi UFJ Financial Group (NYSE:MUFG) Sets New 52-Week High – Here’s What Happened

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) shares reached a new 52-week high on Monday . The stock traded as high as $21.73 and last traded at $21.9850, with a volume of 2124143 shares. The stock had previously closed at $21.65.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MUFG shares. Erste Group Bank started coverage on shares of Mitsubishi UFJ Financial Group in a research report on Thursday, June 25th. They set a “buy” rating on the stock. Mitsubishi UFJ Financial Group started coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They set a “buy” rating on the stock. Finally, Weiss Ratings upgraded Mitsubishi UFJ Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Mitsubishi UFJ Financial Group presently has a consensus rating of “Buy”.

Mitsubishi UFJ Financial Group Price Performance

The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $260.88 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 0.85 and a beta of 0.39. The business has a 50-day moving average price of $19.69 and a two-hundred day moving average price of $18.38.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Elevation Wealth Partners LLC acquired a new position in Mitsubishi UFJ Financial Group during the 2nd quarter valued at about $25,000. Laurel Wealth Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth approximately $26,000. Whipplewood Advisors LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth approximately $29,000. Signature Equity Partners LLC raised its holdings in shares of Mitsubishi UFJ Financial Group by 73.0% in the 1st quarter. Signature Equity Partners LLC now owns 1,697 shares of the company’s stock worth $29,000 after purchasing an additional 716 shares in the last quarter. Finally, JPL Wealth Management LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 3rd quarter worth approximately $34,000. 13.59% of the stock is currently owned by institutional investors.

About Mitsubishi UFJ Financial Group

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.