Mizuho Financial Group (NYSE:MFG) Sees Unusually-High Trading Volume

Mizuho Financial Group, Inc. (NYSE:MFG) saw an uptick in trading volume on Friday . 4,110,891 shares were traded during mid-day trading, an increase of 324% from the previous session’s volume of 970,055 shares.The stock last traded at $4.07 and had previously closed at $4.05.

Mizuho Financial Group Trading Up 1.0 %

The company’s 50-day moving average is $4.16 and its 200 day moving average is $4.06. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.22. The firm has a market cap of $51.83 billion, a PE ratio of 13.60, a P/E/G ratio of 0.76 and a beta of 0.39.

Mizuho Financial Group (NYSE:MFG) last released its earnings results on Wednesday, July 31st. The bank reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Mizuho Financial Group had a return on equity of 6.64% and a net margin of 6.38%. The company had revenue of $15.27 billion during the quarter. As a group, sell-side analysts predict that Mizuho Financial Group, Inc. will post 0.39 EPS for the current year.

Institutional Investors Weigh In On Mizuho Financial Group

A number of institutional investors have recently bought and sold shares of the business. Perigon Wealth Management LLC purchased a new stake in shares of Mizuho Financial Group in the first quarter worth approximately $41,000. Brighton Jones LLC purchased a new stake in Mizuho Financial Group in the 2nd quarter worth approximately $43,000. Russell Investments Group Ltd. lifted its position in Mizuho Financial Group by 144.3% in the 4th quarter. Russell Investments Group Ltd. now owns 10,308 shares of the bank’s stock worth $35,000 after buying an additional 6,088 shares in the last quarter. PFW Advisors LLC acquired a new stake in shares of Mizuho Financial Group during the 1st quarter valued at $42,000. Finally, Riversedge Advisors LLC purchased a new position in shares of Mizuho Financial Group during the 2nd quarter valued at $46,000. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc, together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally. It operates through Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, Asset Management Company, and Others segments.