Mizuho Financial Group (NYSE:MFG) Hits New 12-Month High – Here’s Why

Mizuho Financial Group, Inc. (NYSE:MFG)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $5.02 and last traded at $5.02, with a volume of 7571 shares changing hands. The stock had previously closed at $4.91.

Mizuho Financial Group Trading Down 0.5 %

The business has a 50 day simple moving average of $4.31 and a 200 day simple moving average of $4.19. The company has a market cap of $63.30 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 0.88 and a beta of 0.38. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.96 and a quick ratio of 0.96.

Hedge Funds Weigh In On Mizuho Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC lifted its stake in Mizuho Financial Group by 683.9% in the third quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank’s stock valued at $35,000 after buying an additional 7,345 shares in the last quarter. Dakota Wealth Management acquired a new stake in shares of Mizuho Financial Group in the 3rd quarter valued at about $42,000. Brighton Jones LLC bought a new stake in shares of Mizuho Financial Group in the second quarter valued at about $43,000. Riversedge Advisors LLC acquired a new position in shares of Mizuho Financial Group during the second quarter worth about $46,000. Finally, ERn Financial LLC acquired a new stake in Mizuho Financial Group in the 3rd quarter valued at approximately $46,000. Institutional investors own 3.26% of the company’s stock.

About Mizuho Financial Group

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.