Mizuho Financial Group (NYSE:MFG) Sees Unusually-High Trading Volume – What’s Next?

Shares of Mizuho Financial Group, Inc. (NYSE:MFG) saw strong trading volume on Friday . 2,752,695 shares changed hands during mid-day trading, an increase of 134% from the previous session’s volume of 1,175,450 shares.The stock last traded at $5.44 and had previously closed at $5.57.

Mizuho Financial Group Stock Performance

The firm has a market cap of $69.46 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 0.94 and a beta of 0.45. The company has a fifty day moving average price of $5.04 and a two-hundred day moving average price of $4.51. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.96 and a quick ratio of 0.96.

Institutional Investors Weigh In On Mizuho Financial Group

Several hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in Mizuho Financial Group in the 3rd quarter worth about $25,000. Spire Wealth Management grew its stake in Mizuho Financial Group by 377.8% in the fourth quarter. Spire Wealth Management now owns 5,504 shares of the bank’s stock valued at $27,000 after purchasing an additional 4,352 shares in the last quarter. TD Private Client Wealth LLC increased its position in Mizuho Financial Group by 683.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank’s stock worth $35,000 after purchasing an additional 7,345 shares during the last quarter. Dakota Wealth Management acquired a new position in Mizuho Financial Group in the 3rd quarter worth about $42,000. Finally, ERn Financial LLC acquired a new stake in shares of Mizuho Financial Group during the 3rd quarter valued at about $46,000. 3.26% of the stock is owned by hedge funds and other 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.