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

Shares of Mizuho Financial Group, Inc. (NYSE:MFG) saw strong trading volume on Monday . 6,605,898 shares traded hands during trading, an increase of 363% from the previous session’s volume of 1,425,980 shares.The stock last traded at $4.28 and had previously closed at $4.25.

Mizuho Financial Group Stock Up 1.1 %

The company has a fifty day moving average price of $5.59 and a 200 day moving average price of $4.99. The company has a market cap of $54.43 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 0.76 and a beta of 0.33. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.96.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake 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 last quarter. BNP Paribas Financial Markets raised its holdings in shares of Mizuho Financial Group by 84.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 84,643 shares of the bank’s stock valued at $354,000 after buying an additional 38,685 shares in the last quarter. Captrust Financial Advisors lifted its position in Mizuho Financial Group by 138.3% in the 3rd quarter. Captrust Financial Advisors now owns 204,766 shares of the bank’s stock worth $856,000 after buying an additional 118,853 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in Mizuho Financial Group in the third quarter worth approximately $303,000. Finally, HighTower Advisors LLC boosted its stake in Mizuho Financial Group by 10.5% in the third quarter. HighTower Advisors LLC now owns 258,729 shares of the bank’s stock worth $1,074,000 after buying an additional 24,548 shares in the last quarter. Institutional investors own 3.26% of the company’s stock.

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.