Mitsubishi UFJ Financial Group (NYSE:MUFG) Reaches New 12-Month High – What’s Next?

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $20.39 and last traded at $20.16, with a volume of 166583 shares. The stock had previously closed at $20.16.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Mitsubishi UFJ Financial Group Trading Up 0.2%

The stock has a fifty day moving average price of $18.58 and a 200-day moving average price of $17.71. The firm has a market capitalization of $239.79 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 0.82 and a beta of 0.40.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its earnings results on Saturday, May 16th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. Mitsubishi UFJ Financial Group had a return on equity of 11.07% and a net margin of 16.65%.The business had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $9.34 billion. On average, equities analysts expect that Mitsubishi UFJ Financial Group, Inc. will post 1.41 EPS for the current year.

Institutional Investors Weigh In On Mitsubishi UFJ Financial Group

Large investors have recently bought and sold shares of the business. Laurel Wealth Advisors LLC bought a new stake in Mitsubishi UFJ Financial Group during the 4th quarter worth approximately $26,000. Signature Equity Partners LLC boosted its position in Mitsubishi UFJ Financial Group by 73.0% in the 1st quarter. Signature Equity Partners LLC now owns 1,697 shares of the company’s stock valued at $29,000 after buying an additional 716 shares during the last quarter. Whipplewood Advisors LLC bought a new position in Mitsubishi UFJ Financial Group in the 1st quarter valued at $29,000. JPL Wealth Management LLC bought a new position in Mitsubishi UFJ Financial Group in the 3rd quarter valued at $34,000. Finally, Redmont Wealth Advisors LLC bought a new position in Mitsubishi UFJ Financial Group in the 3rd quarter valued at $35,000. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Company Profile

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.