Mitsubishi UFJ Financial Group (NYSE:MUFG) Hits New 1-Year High – Still a Buy?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $20.04 and last traded at $20.0470, with a volume of 44343 shares. The stock had previously closed at $19.62.

Analysts Set New Price Targets

A number of brokerages recently commented on MUFG. Weiss Ratings raised Mitsubishi UFJ Financial Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Zacks Research lowered Mitsubishi UFJ Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, UBS Group raised shares of Mitsubishi UFJ Financial Group to a “strong-buy” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Stock Down 0.1%

The firm has a market capitalization of $232.61 billion, a P/E ratio of 17.19, a PEG ratio of 1.46 and a beta of 0.35. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.89 and a current ratio of 0.85. The stock has a 50 day moving average of $17.11 and a 200-day moving average of $15.90.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Wednesday, February 4th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of ($1,075.42) million during the quarter, compared to analyst estimates of $9.30 billion. Mitsubishi UFJ Financial Group had a net margin of 13.87% and a return on equity of 9.58%. Research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Institutional Trading of Mitsubishi UFJ Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in MUFG. Independent Solutions Wealth Management LLC boosted its stake in Mitsubishi UFJ Financial Group by 4.8% in the 4th quarter. Independent Solutions Wealth Management LLC now owns 12,692 shares of the company’s stock worth $201,000 after purchasing an additional 581 shares during the period. Canopy Partners LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 4.0% in the fourth quarter. Canopy Partners LLC now owns 15,158 shares of the company’s stock valued at $240,000 after acquiring an additional 582 shares during the period. Alta Capital Management LLC grew its stake in Mitsubishi UFJ Financial Group by 5.7% during the fourth quarter. Alta Capital Management LLC now owns 12,067 shares of the company’s stock valued at $191,000 after acquiring an additional 647 shares in the last quarter. Huntington National Bank increased its holdings in Mitsubishi UFJ Financial Group by 4.9% during the 3rd quarter. Huntington National Bank now owns 14,086 shares of the company’s stock worth $225,000 after acquiring an additional 659 shares during the period. Finally, U.S. Capital Wealth Advisors LLC lifted its stake in Mitsubishi UFJ Financial Group by 5.2% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 13,930 shares of the company’s stock worth $221,000 after purchasing an additional 691 shares in the last quarter. 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.