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Mizuho Financial Group (NYSE:MFG) Hits New 12-Month High - Should You Buy?

Mizuho Financial Group logo with Finance background

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $5.49 and last traded at $5.45, with a volume of 60937 shares trading hands. The stock had previously closed at $5.27.

Mizuho Financial Group Trading Up 2.9 %

The firm has a market cap of $68.75 billion, a P/E ratio of 14.66, a PEG ratio of 0.90 and a beta of 0.45. The company's 50 day moving average is $5.00 and its two-hundred day moving average is $4.49. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.96 and a quick ratio of 0.96.

Institutional Trading of Mizuho Financial Group

Several institutional investors have recently modified their holdings of the company. FMR LLC boosted its holdings in Mizuho Financial Group by 31.0% during the third quarter. FMR LLC now owns 17,622,960 shares of the bank's stock valued at $73,664,000 after purchasing an additional 4,167,234 shares in the last quarter. Natixis Advisors LLC grew its position in Mizuho Financial Group by 351.2% in the third quarter. Natixis Advisors LLC now owns 3,355,910 shares of the bank's stock valued at $14,028,000 after acquiring an additional 2,612,204 shares during the period. Point72 Asset Management L.P. raised its stake in Mizuho Financial Group by 2,151.3% during the third quarter. Point72 Asset Management L.P. now owns 570,800 shares of the bank's stock worth $2,386,000 after acquiring an additional 545,446 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Mizuho Financial Group by 473.0% during the third quarter. Orion Portfolio Solutions LLC now owns 421,624 shares of the bank's stock valued at $1,762,000 after acquiring an additional 348,046 shares during the period. Finally, Sanctuary Advisors LLC boosted its stake in shares of Mizuho Financial Group by 1,077.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 278,847 shares of the bank's stock valued at $1,166,000 after purchasing an additional 255,164 shares in the last quarter. Institutional investors and hedge funds own 3.26% of the company's stock.

About Mizuho Financial Group

(Get Free Report)

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.

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