Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $16.25 and last traded at $16.15, with a volume of 1012 shares. The stock had previously closed at $16.05.
Wall Street Analyst Weigh In
A number of brokerages have commented on MUFG. Zacks Research upgraded Mitsubishi UFJ Financial Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 26th. Wall Street Zen upgraded Mitsubishi UFJ Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy".
Get Our Latest Stock Report on MUFG
Mitsubishi UFJ Financial Group Price Performance
The stock has a 50 day moving average of $14.88 and a two-hundred day moving average of $13.75. 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 firm has a market capitalization of $195.32 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.15 and a beta of 0.39.
Mitsubishi UFJ Financial Group (NYSE:MUFG - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. Mitsubishi UFJ Financial Group had a return on equity of 9.35% and a net margin of 13.95%.The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $9.86 billion. Sell-side analysts predict that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.
Institutional Trading of Mitsubishi UFJ Financial Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC acquired a new stake in Mitsubishi UFJ Financial Group in the 2nd quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd acquired a new stake in Mitsubishi UFJ Financial Group in the 1st quarter valued at approximately $32,000. Ameritas Advisory Services LLC acquired a new stake in Mitsubishi UFJ Financial Group in the 2nd quarter valued at approximately $36,000. Nisa Investment Advisors LLC acquired a new stake in Mitsubishi UFJ Financial Group in the 1st quarter valued at approximately $41,000. Finally, Financial Management Professionals Inc. grew its holdings in Mitsubishi UFJ Financial Group by 116.7% in the 1st quarter. Financial Management Professionals Inc. now owns 3,257 shares of the company's stock valued at $44,000 after buying an additional 1,754 shares during the last quarter. Institutional investors and hedge funds own 13.59% of the company's stock.
About Mitsubishi UFJ Financial Group
(
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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.
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