Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as $15.04 and last traded at $14.99, with a volume of 157675 shares changing hands. The stock had previously closed at $14.49.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday.
Read Our Latest Report on MUFG
Mitsubishi UFJ Financial Group Stock Up 3.7%
The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $181.32 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.43 and a beta of 0.42. The company's 50-day moving average price is $13.80 and its 200 day moving average price is $13.18.
Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. Mitsubishi UFJ Financial Group had a net margin of 13.95% and a return on equity of 9.35%. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $9.86 billion. As a group, equities analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current year.
Institutional Investors Weigh In On Mitsubishi UFJ Financial Group
Several large investors have recently added to or reduced their stakes in MUFG. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Mitsubishi UFJ Financial Group in the 1st quarter worth approximately $143,000. Allspring Global Investments Holdings LLC lifted its position in Mitsubishi UFJ Financial Group by 5.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 88,180 shares of the company's stock valued at $1,163,000 after acquiring an additional 4,664 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in Mitsubishi UFJ Financial Group during the first quarter valued at approximately $41,000. Sowell Financial Services LLC purchased a new stake in Mitsubishi UFJ Financial Group during the first quarter valued at approximately $183,000. Finally, Rockefeller Capital Management L.P. lifted its position in Mitsubishi UFJ Financial Group by 182.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 152,526 shares of the company's stock valued at $1,787,000 after acquiring an additional 98,562 shares during the last quarter. 13.59% of the stock is owned by hedge funds and other institutional investors.
About Mitsubishi UFJ Financial Group
(
Get Free Report)
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.
Further Reading
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