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

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.69 and last traded at $12.89, with a volume of 7806 shares. The stock had previously closed at $12.45.

Analyst Ratings Changes

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

Mitsubishi UFJ Financial Group Stock Performance

The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $153.68 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 1.12 and a beta of 0.62. The company has a 50-day moving average price of $11.91 and a 200-day moving average price of $11.06.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

A number of institutional investors have recently added to or reduced their stakes in MUFG. Fisher Asset Management LLC grew its stake in Mitsubishi UFJ Financial Group by 15.7% during the 3rd quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company’s stock valued at $79,947,000 after acquiring an additional 1,067,409 shares in the last quarter. Artemis Investment Management LLP acquired a new position in shares of Mitsubishi UFJ Financial Group during the 4th quarter valued at about $10,880,000. BNP Paribas Financial Markets boosted its position in Mitsubishi UFJ Financial Group by 140.9% during the third quarter. BNP Paribas Financial Markets now owns 514,746 shares of the company’s stock worth $5,240,000 after purchasing an additional 301,065 shares during the period. Quantinno Capital Management LP raised its position in shares of Mitsubishi UFJ Financial Group by 31.6% in the third quarter. Quantinno Capital Management LP now owns 797,543 shares of the company’s stock valued at $8,119,000 after purchasing an additional 191,368 shares during the period. Finally, Cerity Partners LLC grew its stake in Mitsubishi UFJ Financial Group by 30.2% in the 3rd quarter. Cerity Partners LLC now owns 818,014 shares of the company’s stock valued at $8,327,000 after buying an additional 189,887 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors and hedge funds.

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.