Mizuho Financial Group (NYSE:MFG) Reaches New 52-Week High – Here’s What Happened

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

Mizuho Financial Group Stock Up 3.1 %

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $68.88 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 0.90 and a beta of 0.45. The company’s fifty day simple moving average is $5.00 and its 200 day simple moving average is $4.49.

Hedge Funds Weigh In On Mizuho Financial Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Mizuho Financial Group during the third quarter valued at $25,000. Spire Wealth Management increased its stake 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 purchasing an additional 4,352 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Mizuho Financial Group by 683.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank’s stock valued at $35,000 after buying an additional 7,345 shares in the last quarter. Dakota Wealth Management bought a new stake in Mizuho Financial Group during the 3rd quarter worth approximately $42,000. Finally, ERn Financial LLC bought a new position in shares of Mizuho Financial Group in the third quarter worth approximately $46,000. Institutional investors own 3.26% of the company’s stock.

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.