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

Mizuho Financial Group, Inc. (NYSE:MFG) saw an uptick in trading volume on Friday . 2,601,876 shares were traded during trading, a decline of 40% from the previous session’s volume of 4,362,733 shares.The stock last traded at $9.8770 and had previously closed at $10.32.

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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Price Performance

The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $122.58 billion, a PE ratio of 13.03, a PEG ratio of 0.65 and a beta of 0.46. The business has a fifty day moving average price of $9.59 and a 200-day moving average price of $8.84.

Institutional Trading of Mizuho Financial Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its position 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 valued at $32,000 after acquiring an additional 1,825 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Mizuho Financial Group by 351.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 4,524 shares of the bank’s stock worth $33,000 after acquiring an additional 3,522 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Mizuho Financial Group in the 1st quarter worth approximately $34,000. Grove Bank & Trust purchased a new stake in shares of Mizuho Financial Group in the 2nd quarter valued at $49,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Mizuho Financial Group in the 4th quarter valued at $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.