Mizuho Financial Group (NYSE:MFG) Sets New 52-Week High – Time to Buy?

Shares of Mizuho Financial Group, Inc. (NYSE:MFG) 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. The stock had previously closed at $4.52.

Mizuho Financial Group Stock Performance

The company has a debt-to-equity ratio of 1.22, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $61.84 billion, a PE ratio of 13.19, a P/E/G ratio of 0.80 and a beta of 0.38. The stock has a 50-day simple moving average of $4.20 and a 200 day simple moving average of $4.14.

Institutional Investors Weigh In On Mizuho Financial Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Werba Rubin Papier Wealth Management lifted its stake in Mizuho Financial Group by 5.4% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 46,494 shares of the bank’s stock valued at $194,000 after buying an additional 2,366 shares in the last quarter. Traveka Wealth LLC lifted its position in shares of Mizuho Financial Group by 22.8% in the second quarter. Traveka Wealth LLC now owns 12,793 shares of the bank’s stock valued at $54,000 after acquiring an additional 2,373 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of Mizuho Financial Group by 10.8% during the third quarter. Wedmont Private Capital now owns 25,038 shares of the bank’s stock valued at $107,000 after acquiring an additional 2,432 shares during the last quarter. PFW Advisors LLC boosted its stake in shares of Mizuho Financial Group by 25.4% during the second quarter. PFW Advisors LLC now owns 13,241 shares of the bank’s stock valued at $56,000 after acquiring an additional 2,680 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in Mizuho Financial Group by 26.6% during the 1st 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 in the last quarter. 3.26% of the stock is currently 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.