Mizuho Financial Group (NYSE:MFG) Sees Large Volume Increase

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report) saw unusually-high trading volume on Friday . Approximately 4,110,891 shares were traded during trading, an increase of 324% from the previous session's volume of 970,055 shares.The stock last traded at $4.07 and had previously closed at $4.05.

Mizuho Financial Group Stock Performance

The company has a 50-day moving average price of $4.16 and a two-hundred day moving average price of $4.06. The stock has a market capitalization of $52.72 billion, a P/E ratio of 13.63, a PEG ratio of 0.76 and a beta of 0.39. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.22.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The bank reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $15.27 billion during the quarter. Mizuho Financial Group had a net margin of 6.38% and a return on equity of 6.64%. Equities analysts expect that Mizuho Financial Group, Inc. will post 0.39 earnings per share for the current year.

Hedge Funds Weigh In On Mizuho Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its position in shares of Mizuho Financial Group by 144.3% during the 4th quarter. Russell Investments Group Ltd. now owns 10,308 shares of the bank's stock valued at $35,000 after acquiring an additional 6,088 shares during the last quarter. Park Avenue Securities LLC lifted its position in Mizuho Financial Group by 61.0% during the first quarter. Park Avenue Securities LLC now owns 84,712 shares of the bank's stock valued at $337,000 after purchasing an additional 32,087 shares during the last quarter. Ballentine Partners LLC grew its stake in Mizuho Financial Group by 20.7% in the 1st quarter. Ballentine Partners LLC now owns 96,789 shares of the bank's stock worth $385,000 after buying an additional 16,610 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Mizuho Financial Group by 39.2% in the 1st quarter. Bleakley Financial Group LLC now owns 29,299 shares of the bank's stock worth $117,000 after buying an additional 8,251 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Mizuho Financial Group by 26.6% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,896 shares of the bank's stock valued at $51,000 after buying an additional 2,712 shares in the last quarter. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

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.