Mizuho Financial Group (NYSE:MFG) Sees Unusually-High Trading Volume

Mizuho Financial Group, Inc. (NYSE:MFG) shares saw strong trading volume on Tuesday . 3,018,871 shares changed hands during trading, an increase of 177% from the previous session’s volume of 1,089,707 shares.The stock last traded at $3.87 and had previously closed at $3.99.

Mizuho Financial Group Trading Down 1.4 %

The firm has a market cap of $48.99 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 0.73 and a beta of 0.42. The stock’s fifty day moving average price is $3.86 and its 200-day moving average price is $3.59.

Mizuho Financial Group (NYSE:MFG) last issued its quarterly earnings data on Friday, February 2nd. The bank reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $12.97 billion during the quarter. Mizuho Financial Group had a return on equity of 6.72% and a net margin of 8.48%. Analysts predict that Mizuho Financial Group, Inc. will post 0.36 earnings per share for the current year.

Hedge Funds Weigh In On Mizuho Financial Group

Several large investors have recently made changes to their positions in MFG. Ieq Capital LLC lifted its stake in Mizuho Financial Group by 7.8% during the fourth quarter. Ieq Capital LLC now owns 42,698 shares of the bank’s stock worth $147,000 after purchasing an additional 3,077 shares in the last quarter. Private Advisor Group LLC increased its stake in Mizuho Financial Group by 5.7% during the third quarter. Private Advisor Group LLC now owns 60,928 shares of the bank’s stock worth $209,000 after purchasing an additional 3,262 shares during the period. Sage Rhino Capital LLC lifted its position in shares of Mizuho Financial Group by 8.6% during the third quarter. Sage Rhino Capital LLC now owns 42,035 shares of the bank’s stock worth $144,000 after purchasing an additional 3,327 shares in the last quarter. Five Oceans Advisors boosted its stake in shares of Mizuho Financial Group by 15.9% in the fourth quarter. Five Oceans Advisors now owns 24,423 shares of the bank’s stock valued at $84,000 after purchasing an additional 3,355 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in shares of Mizuho Financial Group by 3.6% in the fourth quarter. Quadrant Capital Group LLC now owns 97,895 shares of the bank’s stock valued at $337,000 after purchasing an additional 3,368 shares in the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Mizuho Financial Group Company Profile

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.