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

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $13.28 and last traded at $13.26, with a volume of 7025 shares changing hands. The stock had previously closed at $12.81.

Analyst Upgrades and Downgrades

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

Mitsubishi UFJ Financial Group Stock Down 2.7 %

The firm has a market capitalization of $152.84 billion, a P/E ratio of 11.62, a PEG ratio of 1.17 and a beta of 0.61. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. The stock has a 50 day moving average of $12.19 and a 200-day moving average of $11.27.

Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating 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%. Research analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mitsubishi UFJ Financial Group

A number of large investors have recently made changes to their positions in the stock. Whipplewood Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group during the 4th quarter worth about $29,000. Venturi Wealth Management LLC increased its position in shares of Mitsubishi UFJ Financial Group by 72.8% during the third quarter. Venturi Wealth Management LLC now owns 5,292 shares of the company's stock valued at $54,000 after buying an additional 2,229 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Mitsubishi UFJ Financial Group in the third quarter worth about $55,000. Steward Partners Investment Advisory LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 33.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,056 shares of the company's stock valued at $59,000 after acquiring an additional 1,279 shares during the period. Finally, Sierra Ocean LLC purchased a new position in Mitsubishi UFJ Financial Group during the fourth quarter valued at approximately $62,000. 13.59% of the stock is owned by 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.