Mizuho Financial Group (NYSE:MFG) Sets New 12-Month High – Here’s Why

Mizuho Financial Group, Inc. (NYSE:MFG)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $4.68 and last traded at $4.68, with a volume of 4604 shares trading hands. The stock had previously closed at $4.52.

Mizuho Financial Group Stock Up 5.8 %

The stock’s fifty day moving average price is $4.19 and its 200 day moving average price is $4.14. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.22. The stock has a market cap of $60.57 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 0.80 and a beta of 0.38.

Hedge Funds Weigh In On Mizuho Financial Group

A number of large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Mizuho Financial Group during the first quarter worth approximately $111,000. BNP Paribas Financial Markets raised its position in Mizuho Financial Group by 499.3% in the 1st quarter. BNP Paribas Financial Markets now owns 29,083 shares of the bank’s stock worth $116,000 after purchasing an additional 24,230 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in Mizuho Financial Group by 26.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 12,896 shares of the bank’s stock worth $51,000 after purchasing an additional 2,712 shares during the last quarter. SG Americas Securities LLC bought a new stake in Mizuho Financial Group in the first quarter worth $63,000. Finally, Russell Investments Group Ltd. boosted its position in Mizuho Financial Group by 59.3% during the first quarter. Russell Investments Group Ltd. now owns 16,418 shares of the bank’s stock valued at $65,000 after buying an additional 6,110 shares during the period. 3.26% of the stock is owned by hedge funds and other institutional investors.

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.