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

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) shares reached a new 52-week high on Friday . The company traded as high as $19.12 and last traded at $19.0420, with a volume of 281630 shares trading hands. The stock had previously closed at $18.25.

Analysts Set New Price Targets

MUFG has been the topic of a number of research reports. UBS Group raised shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a report on Thursday, January 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Mitsubishi UFJ Financial Group in a research note on Thursday, January 22nd. Finally, Zacks Research downgraded Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Mitsubishi UFJ Financial Group Price Performance

The business has a 50 day simple moving average of $16.83 and a two-hundred day simple moving average of $15.75. The firm has a market capitalization of $226.50 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 1.41 and a beta of 0.35. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.89 and a current ratio of 0.85.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. The company had revenue of ($1,075.42) million for the quarter, compared to analysts’ expectations of $9.30 billion. Mitsubishi UFJ Financial Group had a net margin of 13.87% and a return on equity of 9.69%. On average, sell-side analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Intrust Bank NA raised its position in Mitsubishi UFJ Financial Group by 2.5% during the fourth quarter. Intrust Bank NA now owns 110,884 shares of the company’s stock valued at $1,759,000 after purchasing an additional 2,719 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Mitsubishi UFJ Financial Group by 2.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 47,748 shares of the company’s stock valued at $757,000 after buying an additional 1,036 shares in the last quarter. Alta Capital Management LLC lifted its position in Mitsubishi UFJ Financial Group by 5.7% in the 4th quarter. Alta Capital Management LLC now owns 12,067 shares of the company’s stock worth $191,000 after buying an additional 647 shares during the last quarter. Sapient Capital LLC lifted its position in Mitsubishi UFJ Financial Group by 13.5% in the 4th quarter. Sapient Capital LLC now owns 15,423 shares of the company’s stock worth $246,000 after buying an additional 1,839 shares during the last quarter. Finally, Independent Solutions Wealth Management LLC boosted its stake in Mitsubishi UFJ Financial Group by 4.8% in the fourth quarter. Independent Solutions Wealth Management LLC now owns 12,692 shares of the company’s stock worth $201,000 after buying an additional 581 shares in the last quarter. Institutional investors own 13.59% of the company’s stock.

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.