Mizuho Financial Group (NYSE:MFG) Reaches New 12-Month High – What’s Next?

Mizuho Financial Group, Inc. (NYSE:MFG)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $5.06 and last traded at $5.04, with a volume of 80691 shares changing hands. The stock had previously closed at $4.90.

Mizuho Financial Group Price Performance

The firm has a market capitalization of $64.38 billion, a PE ratio of 13.73, a PEG ratio of 0.86 and a beta of 0.38. 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 stock has a 50-day moving average price of $4.40 and a 200 day moving average price of $4.22.

Hedge Funds Weigh In On Mizuho Financial Group

Large investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Mizuho Financial Group in the third quarter valued at about $25,000. TD Private Client Wealth LLC boosted 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 worth $35,000 after buying an additional 7,345 shares during the last quarter. Dakota Wealth Management purchased a new stake in Mizuho Financial Group during the 3rd quarter worth approximately $42,000. Brighton Jones LLC purchased a new stake in Mizuho Financial Group during the 2nd quarter worth approximately $43,000. Finally, Riversedge Advisors LLC acquired a new position in shares of Mizuho Financial Group during the second quarter valued at approximately $46,000. 3.26% of the stock is currently owned by institutional investors and hedge funds.

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.