Mitsubishi UFJ Financial Group (NYSE:MUFG) Hits New 1-Year High – Here’s What Happened

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) shares reached a new 52-week high during trading on Monday . The stock traded as high as $12.15 and last traded at $12.15, with a volume of 5847 shares traded. The stock had previously closed at $11.91.

Wall Street Analysts Forecast Growth

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

Mitsubishi UFJ Financial Group Price Performance

The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.92 and a current ratio of 0.91. The company has a market capitalization of $142.10 billion, a PE ratio of 11.68, a P/E/G ratio of 1.10 and a beta of 0.59. The company’s 50-day simple moving average is $10.88 and its 200-day simple moving average is $10.61.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its stake in Mitsubishi UFJ Financial Group by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 642,863 shares of the company’s stock valued at $6,577,000 after purchasing an additional 21,277 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth $155,000. Cetera Advisors LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth about $131,000. EverSource Wealth Advisors LLC grew its stake in Mitsubishi UFJ Financial Group by 60.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,870 shares of the company’s stock valued at $58,000 after acquiring an additional 2,222 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Mitsubishi UFJ Financial Group by 11.6% during the 2nd quarter. GAMMA Investing LLC now owns 24,403 shares of the company’s stock valued at $264,000 after acquiring an additional 2,538 shares in the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.

About Mitsubishi UFJ Financial Group

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.