Mitsubishi UFJ Financial Group (NYSE:MUFG) Reaches New 1-Year High - Here's Why

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $12.69 and last traded at $12.89, with a volume of 7806 shares. The stock had previously closed at $12.45.

Wall Street Analysts Forecast Growth

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

Mitsubishi UFJ Financial Group Trading Up 3.1 %

The company's fifty day simple moving average is $11.89 and its two-hundred day simple moving average is $11.05. The company has a market capitalization of $154.89 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 1.12 and a beta of 0.62. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 2.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC acquired a new position in Mitsubishi UFJ Financial Group in the 4th quarter worth $153,000. Golden State Wealth Management LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the fourth quarter valued at about $111,000. Adero Partners LLC boosted its position in shares of Mitsubishi UFJ Financial Group by 31.8% during the fourth quarter. Adero Partners LLC now owns 16,045 shares of the company's stock worth $188,000 after buying an additional 3,873 shares during the period. Bleakley Financial Group LLC grew its holdings in shares of Mitsubishi UFJ Financial Group by 16.5% during the fourth quarter. Bleakley Financial Group LLC now owns 29,851 shares of the company's stock worth $350,000 after buying an additional 4,238 shares in the last quarter. Finally, Choreo LLC raised its position in Mitsubishi UFJ Financial Group by 21.3% in the 4th quarter. Choreo LLC now owns 76,344 shares of the company's stock valued at $896,000 after buying an additional 13,393 shares during the last quarter. 13.59% of the stock is owned by institutional investors and hedge funds.

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.