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Mitsubishi UFJ Financial Group (NYSE:MUFG) Hits New 52-Week High - Time to Buy?

Mitsubishi UFJ Financial Group logo with Finance background

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $11.99 and last traded at $11.99, with a volume of 16929 shares traded. The stock had previously closed at $11.50.

Mitsubishi UFJ Financial Group Price Performance

The stock has a market cap of $140.70 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 1.07 and a beta of 0.59. The firm has a 50-day moving average price of $10.53 and a 200-day moving average price of $10.47. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.92 and a current ratio of 0.92.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Addison Advisors LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 123.4% in the 2nd quarter. Addison Advisors LLC now owns 4,609 shares of the company's stock worth $50,000 after buying an additional 2,546 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of Mitsubishi UFJ Financial Group in the 2nd quarter worth approximately $53,000. Venturi Wealth Management LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 72.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company's stock worth $54,000 after buying an additional 2,229 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of 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 worth $58,000 after buying an additional 2,222 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the 2nd quarter worth approximately $68,000. Institutional investors own 13.59% of the company's stock.

About Mitsubishi UFJ Financial Group

(Get Free Report)

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.

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