Mizuho Financial Group (NYSE:MFG) Sets New 52-Week High – Here’s Why

Shares of Mizuho Financial Group, Inc. (NYSE:MFG) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $10.40 and last traded at $10.3750, with a volume of 4103902 shares changing hands. The stock had previously closed at $10.23.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Mizuho Financial Group in a report on Friday, May 1st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Stock Up 1.6%

The company has a debt-to-equity ratio of 1.82, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50 day simple moving average is $9.36 and its 200 day simple moving average is $8.71. The company has a market capitalization of $128.39 billion, a PE ratio of 13.68, a P/E/G ratio of 0.64 and a beta of 0.46.

Institutional Trading of Mizuho Financial Group

Several institutional investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its stake in Mizuho Financial Group by 72.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock worth $32,000 after purchasing an additional 1,825 shares during the period. Brown Brothers Harriman & Co. increased its stake in Mizuho Financial Group by 351.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 4,524 shares of the bank’s stock worth $33,000 after buying an additional 3,522 shares during the period. V Square Quantitative Management LLC purchased a new stake in Mizuho Financial Group during the 1st quarter worth approximately $34,000. Grove Bank & Trust acquired a new stake in Mizuho Financial Group during the 2nd quarter worth approximately $49,000. Finally, Kestra Advisory Services LLC acquired a new stake in Mizuho Financial Group during the 4th quarter worth approximately $49,000. Hedge funds and other institutional investors own 3.26% of the company’s stock.

About Mizuho Financial Group

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.