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

Shares of Mizuho Financial Group, Inc. (NYSE:MFG) hit a new 52-week high on Thursday . The stock traded as high as $4.68 and last traded at $4.68, with a volume of 4604 shares trading hands. 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 stock has a market cap of $60.57 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 0.80 and a beta of 0.38. The business has a 50 day moving average price of $4.19 and a two-hundred day moving average price of $4.14.

Hedge Funds Weigh In On Mizuho Financial Group

A number of hedge funds have recently modified their holdings of MFG. Dakota Wealth Management purchased a new position in Mizuho Financial Group during the 3rd quarter valued at about $42,000. Brighton Jones LLC bought a new stake in shares of Mizuho Financial Group in the 2nd quarter worth approximately $43,000. Riversedge Advisors LLC purchased a new position in shares of Mizuho Financial Group during the second quarter valued at approximately $46,000. ERn Financial LLC bought a new position in shares of Mizuho Financial Group during the third quarter valued at approximately $46,000. Finally, Kathmere Capital Management LLC purchased a new stake in Mizuho Financial Group in the second quarter worth $47,000. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Company Profile

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.