Mizuho Financial Group (NYSE:MFG) Sets New 1-Year High – Here’s What Happened

Mizuho Financial Group, Inc. (NYSE:MFG) reached a new 52-week high during mid-day trading on Thursday . The company 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 Stock Up 2.6 %

The company has a debt-to-equity ratio of 1.15, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s 50 day moving average is $4.27 and its two-hundred day moving average is $4.17. The firm has a market capitalization of $63.87 billion, a P/E ratio of 13.27, a PEG ratio of 0.88 and a beta of 0.38.

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 MFG. TD Private Client Wealth LLC boosted 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 valued at $35,000 after acquiring an additional 7,345 shares during the period. Dakota Wealth Management acquired a new position in Mizuho Financial Group during the third quarter worth about $42,000. Brighton Jones LLC acquired a new position in Mizuho Financial Group during the second quarter worth about $43,000. Riversedge Advisors LLC acquired a new position in Mizuho Financial Group during the second quarter worth about $46,000. Finally, ERn Financial LLC acquired a new position in Mizuho Financial Group during the third quarter worth about $46,000. 3.26% of the stock is owned by institutional investors.

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.