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

Shares of Mizuho Financial Group, Inc. (NYSE:MFG) hit a new 52-week high 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 Stock Up 3.1 %

The stock has a market cap of $64.00 billion, a P/E ratio of 13.24, 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 business has a 50-day simple moving average of $4.39 and a 200-day simple moving average of $4.22.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MFG. Franklin Resources Inc. grew its position in shares of Mizuho Financial Group by 12.6% in the third quarter. Franklin Resources Inc. now owns 55,231 shares of the bank’s stock valued at $235,000 after purchasing an additional 6,199 shares during the last quarter. Peapack Gladstone Financial Corp acquired a new position in Mizuho Financial Group during the third quarter worth $108,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Mizuho Financial Group in the 3rd quarter valued at $25,000. Sanctuary Advisors LLC grew its holdings in shares of Mizuho Financial Group by 1,077.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 278,847 shares of the bank’s stock worth $1,166,000 after purchasing an additional 255,164 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its position in shares of Mizuho Financial Group by 683.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank’s stock worth $35,000 after purchasing an additional 7,345 shares in the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

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.