Mitsubishi UFJ Financial Group (NYSE:MUFG) Reaches New 12-Month High - Should You Buy?

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $12.31 and last traded at $12.36, with a volume of 3269 shares changing hands. The stock had previously closed at $12.05.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of 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 Up 4.1 %

The firm has a market capitalization of $151.39 billion, a PE ratio of 12.30, a PEG ratio of 1.12 and a beta of 0.62. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 2.04. The business's 50 day simple moving average is $11.83 and its 200 day simple moving average is $11.01.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MUFG. Eagle Bay Advisors LLC increased its stake in shares of Mitsubishi UFJ Financial Group by 9.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 10,094 shares of the company's stock valued at $118,000 after buying an additional 858 shares during the period. Franklin Resources Inc. boosted its position in Mitsubishi UFJ Financial Group by 1.9% during the third quarter. Franklin Resources Inc. now owns 49,208 shares of the company's stock valued at $526,000 after purchasing an additional 938 shares in the last quarter. Abel Hall LLC grew its stake in Mitsubishi UFJ Financial Group by 4.9% in the third quarter. Abel Hall LLC now owns 20,388 shares of the company's stock valued at $208,000 after purchasing an additional 949 shares during the last quarter. Waldron Private Wealth LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 9.0% during the third quarter. Waldron Private Wealth LLC now owns 11,742 shares of the company's stock valued at $120,000 after buying an additional 968 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Mitsubishi UFJ Financial Group by 2.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 68,398 shares of the company's stock valued at $696,000 after buying an additional 1,336 shares in the last quarter. Institutional investors 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.