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

Mizuho Financial Group, Inc. (NYSE:MFG) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $10.40 and last traded at $10.3750, with a volume of 4103902 shares. The stock had previously closed at $10.23.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Mizuho Financial Group in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Mizuho Financial Group Stock Up 1.4%

The company has a debt-to-equity ratio of 1.82, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $129.38 billion, a PE ratio of 13.78, a PEG ratio of 0.63 and a beta of 0.46. The company has a 50 day moving average price of $9.44 and a two-hundred day moving average price of $8.75.

Institutional Trading of Mizuho Financial Group

Several large investors have recently modified their holdings of the company. Fiduciary Financial Group LLC grew its stake in shares of Mizuho Financial Group by 8.5% during the 2nd quarter. Fiduciary Financial Group LLC now owns 15,735 shares of the bank’s stock valued at $151,000 after purchasing an additional 1,235 shares during the period. Abel Hall LLC increased its stake in shares of Mizuho Financial Group by 2.0% in the first quarter. Abel Hall LLC now owns 63,045 shares of the bank’s stock worth $501,000 after purchasing an additional 1,257 shares in the last quarter. Riversedge Advisors LLC raised its position in shares of Mizuho Financial Group by 6.4% during the 4th quarter. Riversedge Advisors LLC now owns 21,151 shares of the bank’s stock valued at $155,000 after purchasing an additional 1,279 shares during the period. Fifth Third Bancorp lifted its stake in shares of Mizuho Financial Group by 16.2% during the 1st quarter. Fifth Third Bancorp now owns 9,577 shares of the bank’s stock valued at $76,000 after buying an additional 1,338 shares in the last quarter. Finally, Klingman & Associates LLC boosted its holdings in Mizuho Financial Group by 10.5% in the 1st quarter. Klingman & Associates LLC now owns 14,137 shares of the bank’s stock worth $112,000 after buying an additional 1,341 shares during the period. Institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.