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

Mizuho Financial Group, Inc. (NYSE:MFG) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $5.49 and last traded at $5.45, with a volume of 60937 shares. The stock had previously closed at $5.27.

Mizuho Financial Group Trading Up 1.0 %

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 firm has a 50 day moving average price of $5.01 and a 200 day moving average price of $4.50. The stock has a market capitalization of $69.51 billion, a PE ratio of 14.82, a P/E/G ratio of 0.90 and a beta of 0.45.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Mizuho Financial Group by 31.0% during the 3rd quarter. FMR LLC now owns 17,622,960 shares of the bank’s stock worth $73,664,000 after purchasing an additional 4,167,234 shares during the last quarter. Natixis Advisors LLC increased its holdings in Mizuho Financial Group by 351.2% in the 3rd quarter. Natixis Advisors LLC now owns 3,355,910 shares of the bank’s stock worth $14,028,000 after acquiring an additional 2,612,204 shares during the last quarter. Creative Planning lifted its holdings in Mizuho Financial Group by 8.8% during the third quarter. Creative Planning now owns 803,259 shares of the bank’s stock valued at $3,358,000 after purchasing an additional 65,185 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Mizuho Financial Group by 11.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 793,629 shares of the bank’s stock worth $3,317,000 after purchasing an additional 83,655 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in shares of Mizuho Financial Group by 1.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 734,905 shares of the bank’s stock valued at $3,593,000 after purchasing an additional 9,528 shares during the period. 3.26% of the stock is currently 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.