Mitsubishi UFJ Financial Group (NYSE:MUFG) Sets New 1-Year High at $7.33

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFGGet Rating)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $7.33 and last traded at $7.30, with a volume of 24798 shares traded. The stock had previously closed at $6.85.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on Mitsubishi UFJ Financial Group in a research report on Thursday, December 15th. They set a “conviction-buy” rating for the company. StockNews.com assumed coverage on Mitsubishi UFJ Financial Group in a research report on Wednesday, October 12th. They set a “hold” rating for the company.

Mitsubishi UFJ Financial Group Price Performance

The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.92 and a current ratio of 0.89. The company has a 50-day moving average price of $5.85 and a 200-day moving average price of $5.33. The company has a market capitalization of $94.87 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.46 and a beta of 0.68.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

Several institutional investors and hedge funds have recently modified their holdings of MUFG. Bank of America Corp DE grew its position in shares of Mitsubishi UFJ Financial Group by 53.2% in the 1st quarter. Bank of America Corp DE now owns 17,389,091 shares of the company’s stock valued at $107,639,000 after purchasing an additional 6,037,784 shares during the period. LMR Partners LLP acquired a new position in shares of Mitsubishi UFJ Financial Group in the 3rd quarter valued at approximately $11,251,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Mitsubishi UFJ Financial Group in the 3rd quarter valued at approximately $8,965,000. Goldman Sachs Group Inc. grew its position in shares of Mitsubishi UFJ Financial Group by 24.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,032,410 shares of the company’s stock valued at $62,100,000 after purchasing an additional 1,943,618 shares during the period. Finally, OLD Mission Capital LLC acquired a new position in shares of Mitsubishi UFJ Financial Group in the 3rd quarter valued at approximately $2,636,000. 1.62% of the stock is currently owned by institutional investors and hedge funds.

About Mitsubishi UFJ Financial Group

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Mitsubishi UFJ Financial Group, Inc operates as the bank holding company for MUFG Bank, Ltd. that provides various financial services in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through Digital Service Business Group; Retail & Commercial Banking Business Group; Japanese Corporate & Investment Banking Business Group; Asset Management & Investor Services Business Group; Global Corporate & Investment Banking Business Group; Global Commercial Banking Business Group; and Global Markets Business Group segments.

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