Mitsubishi UFJ Financial Group (NYSE:MUFG) Reaches New 1-Year High – Here’s What Happened

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $11.99 and last traded at $11.99, with a volume of 16929 shares traded. The stock had previously closed at $11.50.

Analyst Ratings Changes

Separately, StockNews.com lowered Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a report on Friday.

Mitsubishi UFJ Financial Group Trading Down 3.3 %

The stock has a market capitalization of $136.10 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 1.07 and a beta of 0.59. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.25. The company has a fifty day moving average of $10.56 and a two-hundred day moving average of $10.49.

Institutional Trading of Mitsubishi UFJ Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. M&T Bank Corp lifted its position in shares of Mitsubishi UFJ Financial Group by 0.9% during the 3rd quarter. M&T Bank Corp now owns 555,675 shares of the company’s stock worth $5,657,000 after purchasing an additional 4,699 shares during the last quarter. Abel Hall LLC increased its position in Mitsubishi UFJ Financial Group by 4.9% in the 3rd quarter. Abel Hall LLC now owns 20,388 shares of the company’s stock worth $208,000 after buying an additional 949 shares during the period. Barclays PLC acquired a new position in shares of Mitsubishi UFJ Financial Group during the third quarter worth approximately $752,000. Gordian Capital Singapore Pte Ltd boosted its position in shares of Mitsubishi UFJ Financial Group by 30.4% in the third quarter. Gordian Capital Singapore Pte Ltd now owns 60,174 shares of the company’s stock valued at $613,000 after acquiring an additional 14,024 shares during the period. Finally, MML Investors Services LLC grew its stake in shares of Mitsubishi UFJ Financial Group by 3.1% in the third quarter. MML Investors Services LLC now owns 137,065 shares of the company’s stock worth $1,395,000 after acquiring an additional 4,135 shares during the last quarter. 13.59% of the stock is currently 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.