Mizuho Financial Group (NYSE:MFG) Hits New 1-Year High – Here’s Why

Mizuho Financial Group, Inc. (NYSE:MFG)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $5.49 and last traded at $5.45, with a volume of 60937 shares changing hands. The stock had previously closed at $5.27.

Mizuho Financial Group Price Performance

The company has a market capitalization of $69.51 billion, a P/E ratio of 14.82, a P/E/G ratio of 0.90 and a beta of 0.45. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.15. The business’s fifty day moving average price is $5.01 and its 200-day moving average price is $4.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC raised its holdings in shares of Mizuho Financial Group by 19.3% during the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock valued at $60,000 after acquiring an additional 1,998 shares in the last quarter. Werba Rubin Papier Wealth Management grew its position in shares of Mizuho Financial Group by 5.4% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 46,494 shares of the bank’s stock worth $194,000 after buying an additional 2,366 shares during the period. Wedmont Private Capital boosted its stake in Mizuho Financial Group by 10.8% during the third quarter. Wedmont Private Capital now owns 25,038 shares of the bank’s stock worth $107,000 after acquiring an additional 2,432 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Mizuho Financial Group by 25.3% during the third quarter. Jane Street Group LLC now owns 16,080 shares of the bank’s stock valued at $67,000 after purchasing an additional 3,248 shares in the last quarter. Finally, Greenleaf Trust grew its stake in shares of Mizuho Financial Group by 6.0% in the 3rd quarter. Greenleaf Trust now owns 58,610 shares of the bank’s stock worth $245,000 after buying an additional 3,305 shares during the last quarter. Institutional investors own 3.26% of the company’s stock.

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.