Mizuho Financial Group (NYSE:MFG) Hits New 52-Week High – Still a Buy?

Mizuho Financial Group, Inc. (NYSE:MFG)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $5.02 and last traded at $5.02, with a volume of 7571 shares. The stock had previously closed at $4.91.

Mizuho Financial Group Trading Down 0.5 %

The company has a market cap of $63.30 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 0.88 and a beta of 0.38. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a fifty day moving average price of $4.31 and a 200 day moving average price of $4.19.

Institutional Trading of Mizuho Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the business. TD Private Client Wealth LLC grew its holdings in Mizuho Financial Group by 683.9% in 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 shares of Mizuho Financial Group in the third quarter valued at about $42,000. Brighton Jones LLC acquired a new position in shares of Mizuho Financial Group in the second quarter valued at about $43,000. Riversedge Advisors LLC bought a new position in Mizuho Financial Group during the second quarter worth about $46,000. Finally, ERn Financial LLC acquired a new stake in Mizuho Financial Group in the 3rd quarter worth about $46,000. Institutional investors own 3.26% of the company’s stock.

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.