Mizuho Financial Group (NYSE:MFG) Sees Unusually-High Trading Volume – Time to Buy?

Mizuho Financial Group, Inc. (NYSE:MFG) saw unusually-strong trading volume on Monday . Approximately 6,605,898 shares changed hands during mid-day 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 Trading Up 9.5 %

The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.39. The firm’s 50-day simple moving average is $5.51 and its 200 day simple moving average is $4.99. The firm has a market cap of $60.76 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 0.76 and a beta of 0.33.

Mizuho Financial Group (NYSE:MFG) last posted its earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 expect that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On Mizuho Financial Group

A number of large investors have recently added to or reduced their stakes in MFG. Wilmington Savings Fund Society FSB bought a new stake in shares of Mizuho Financial Group in the third quarter worth about $25,000. Spire Wealth Management grew its position in shares of Mizuho Financial Group by 377.8% in the 4th quarter. Spire Wealth Management now owns 5,504 shares of the bank’s stock worth $27,000 after buying an additional 4,352 shares during the last quarter. Bessemer Group Inc. increased its stake 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 valued at $31,000 after buying an additional 2,187 shares during the period. TD Private Client Wealth LLC raised its holdings 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 valued at $35,000 after acquiring an additional 7,345 shares in the last quarter. Finally, CogentBlue Wealth Advisors LLC purchased a new stake in Mizuho Financial Group in the fourth quarter worth $50,000. 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.