Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG – Get Free Report)’s stock price hit a new 52-week high on Monday . The stock traded as high as $20.39 and last traded at $20.16, with a volume of 166583 shares changing hands. The stock had previously closed at $20.16.
Analysts Set New Price Targets
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 investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.
Read Our Latest Stock Analysis on MUFG
Mitsubishi UFJ Financial Group Stock Performance
Mitsubishi UFJ Financial Group (NYSE:MUFG – Get Free Report) last announced its quarterly earnings data on Saturday, May 16th. The company reported $0.33 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 company had revenue of $15.36 billion during the quarter, compared to the consensus estimate of $9.34 billion. Sell-side analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 1.41 earnings per share for the current fiscal year.
Institutional Trading of Mitsubishi UFJ Financial Group
A number of hedge funds have recently modified their holdings of MUFG. Laurel Wealth Advisors LLC bought a new stake in shares of Mitsubishi UFJ Financial Group in the 4th quarter worth approximately $26,000. Whipplewood Advisors LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the 1st quarter worth approximately $29,000. Signature Equity Partners LLC lifted its position in shares of Mitsubishi UFJ Financial Group by 73.0% during the 1st quarter. Signature Equity Partners LLC now owns 1,697 shares of the company’s stock worth $29,000 after buying an additional 716 shares during the period. JPL Wealth Management LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the 3rd quarter worth approximately $34,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Mitsubishi UFJ Financial Group during the 3rd quarter worth approximately $35,000. Institutional investors own 13.59% of the company’s stock.
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.
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