Mizuho Financial Group (NYSE:MFG) Reaches New 12-Month High – What’s Next?

Shares of Mizuho Financial Group, Inc. (NYSE:MFG) reached a new 52-week high during trading on Friday . The stock traded as high as $5.06 and last traded at $5.04, with a volume of 80691 shares trading hands. The stock had previously closed at $4.90.

Mizuho Financial Group Price Performance

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.15. The stock’s 50 day moving average price is $4.40 and its two-hundred day moving average price is $4.22. The stock has a market cap of $64.38 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 0.86 and a beta of 0.38.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. grew its stake in shares of Mizuho Financial Group by 12.6% during the 3rd quarter. Franklin Resources Inc. now owns 55,231 shares of the bank’s stock worth $235,000 after purchasing an additional 6,199 shares during the period. Peapack Gladstone Financial Corp purchased a new stake in Mizuho Financial Group during the third quarter worth $108,000. Wilmington Savings Fund Society FSB acquired a new stake in Mizuho Financial Group during the third quarter valued at $25,000. Sanctuary Advisors LLC increased its holdings in Mizuho Financial Group by 1,077.4% in the third quarter. Sanctuary Advisors LLC now owns 278,847 shares of the bank’s stock valued at $1,166,000 after buying an additional 255,164 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its position in shares of 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 worth $35,000 after acquiring an additional 7,345 shares during the period. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

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.