Mizuho Financial Group (NYSE:MFG) Shares Up 2.1% – Here’s Why

Mizuho Financial Group, Inc. (NYSE:MFG) traded up 2.1% during mid-day trading on Friday . The stock traded as high as $6.04 and last traded at $6.02. 178,176 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 1,316,799 shares. The stock had previously closed at $5.89.

Mizuho Financial Group Stock Performance

The firm has a market capitalization of $76.48 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 0.76 and a beta of 0.39. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a 50 day moving average price of $5.53 and a 200-day moving average price of $4.89.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Mizuho Financial Group had a return on equity of 8.56% and a net margin of 7.85%. As a group, sell-side analysts expect that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current fiscal year.

Institutional Trading of Mizuho Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new stake in Mizuho Financial Group in the third quarter valued at $25,000. Spire Wealth Management increased its position in shares of Mizuho Financial Group by 377.8% during the fourth quarter. Spire Wealth Management now owns 5,504 shares of the bank’s stock worth $27,000 after purchasing an additional 4,352 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Mizuho Financial Group by 51.5% during the fourth quarter. Bessemer Group Inc. now owns 6,430 shares of the bank’s stock worth $31,000 after purchasing an additional 2,187 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of Mizuho Financial Group by 683.9% during the third 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 in the last quarter. Finally, CogentBlue Wealth Advisors LLC acquired a new stake in shares of Mizuho Financial Group during the fourth quarter worth about $50,000. 3.26% of the stock is currently owned by institutional investors and hedge funds.

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.