Mitsubishi UFJ Financial Group (NYSE:MUFG) Hits New 52-Week High - Here's Why

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report) hit a new 52-week high on Saturday . The stock traded as high as $15.03 and last traded at $14.97, with a volume of 54969739 shares traded. The stock had previously closed at $14.33.

Analyst Ratings Changes

Separately, StockNews.com lowered Mitsubishi UFJ Financial Group from a "hold" rating to a "sell" rating in a research note on Monday.

Mitsubishi UFJ Financial Group Trading Down 1.9 %

The stock has a market capitalization of $173.35 billion, a P/E ratio of 13.18, a PEG ratio of 1.16 and a beta of 0.60. The stock's fifty day moving average price is $12.93 and its 200 day moving average price is $11.78. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.90 and a quick ratio of 0.92.

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

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Institutional Trading of Mitsubishi UFJ Financial Group

A number of hedge funds have recently bought and sold shares of MUFG. Northern Trust Corp lifted its stake in shares of Mitsubishi UFJ Financial Group by 46.6% during the 4th quarter. Northern Trust Corp now owns 10,522,079 shares of the company's stock worth $123,319,000 after purchasing an additional 3,342,330 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 5.4% during the fourth quarter. Natixis Advisors LLC now owns 9,850,891 shares of the company's stock valued at $115,452,000 after buying an additional 507,578 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 15.7% during the third quarter. Fisher Asset Management LLC now owns 7,853,310 shares of the company's stock valued at $79,947,000 after buying an additional 1,067,409 shares during the last quarter. Royal Bank of Canada grew its position in shares of Mitsubishi UFJ Financial Group by 40.4% in the 4th quarter. Royal Bank of Canada now owns 6,021,271 shares of the company's stock worth $70,570,000 after buying an additional 1,731,873 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC raised its stake in shares of Mitsubishi UFJ Financial Group by 4.2% during the 4th quarter. Chevy Chase Trust Holdings LLC now owns 5,950,256 shares of the company's stock worth $69,737,000 after acquiring an additional 241,685 shares in the last quarter. Hedge funds and other institutional investors own 13.59% of the company's stock.

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.