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

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report) hit a new 52-week high during mid-day trading on Saturday . The stock traded as high as $13.71 and last traded at $13.68, with a volume of 17671105 shares trading hands. The stock had previously closed at $13.17.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th.

Mitsubishi UFJ Financial Group Stock Performance

The company has a market capitalization of $172.63 billion, a P/E ratio of 13.12, a P/E/G ratio of 1.16 and a beta of 0.60. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92. The stock's 50 day simple moving average is $12.66 and its two-hundred day simple moving average is $11.63.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. As a group, research analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.

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Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Institutional investors have recently modified their holdings of the business. Whipplewood Advisors LLC acquired a new stake in shares of Mitsubishi UFJ Financial Group during the 4th quarter worth approximately $29,000. Steward Partners Investment Advisory LLC grew its holdings in Mitsubishi UFJ Financial Group by 33.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company's stock valued at $59,000 after purchasing an additional 1,279 shares during the period. Sierra Ocean LLC acquired a new position in Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $62,000. Wilmington Savings Fund Society FSB acquired a new position in Mitsubishi UFJ Financial Group during the third quarter valued at approximately $55,000. Finally, Versant Capital Management Inc acquired a new position in Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $71,000. Institutional investors and hedge funds own 13.59% of the company's stock.

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.