Mizuho Financial Group (NYSE:MFG) Sees Unusually-High Trading Volume

Mizuho Financial Group, Inc. (NYSE:MFG) saw unusually-strong trading volume on Friday . Approximately 4,110,891 shares changed hands during trading, an increase of 324% from the previous session’s volume of 970,055 shares.The stock last traded at $4.07 and had previously closed at $4.05.

Mizuho Financial Group Trading Up 1.0 %

The firm has a market capitalization of $51.83 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 0.76 and a beta of 0.39. The company has a fifty day moving average price of $4.16 and a 200-day moving average price of $4.06. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.22.

Mizuho Financial Group (NYSE:MFG) last issued its quarterly earnings data on Wednesday, July 31st. The bank reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $15.27 billion for the quarter. Mizuho Financial Group had a net margin of 6.38% and a return on equity of 6.64%. On average, equities research analysts predict that Mizuho Financial Group, Inc. will post 0.39 EPS for the current year.

Institutional Investors Weigh In On Mizuho Financial Group

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its holdings in Mizuho Financial Group by 144.3% during the fourth quarter. Russell Investments Group Ltd. now owns 10,308 shares of the bank’s stock valued at $35,000 after buying an additional 6,088 shares in the last quarter. Sunpointe LLC bought a new position in shares of Mizuho Financial Group in the 4th quarter valued at approximately $41,000. Perigon Wealth Management LLC acquired a new stake in Mizuho Financial Group in the 1st quarter worth approximately $41,000. PFW Advisors LLC bought a new stake in Mizuho Financial Group during the first quarter worth approximately $42,000. Finally, Brighton Jones LLC bought a new stake in Mizuho Financial Group during the second quarter worth approximately $43,000. 3.26% of the stock is currently owned by 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.