Mizuho Financial Group (NYSE:MFG) Shares Gap Down – Here’s What Happened

Mizuho Financial Group, Inc. (NYSE:MFG)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $5.26, but opened at $5.12. Mizuho Financial Group shares last traded at $5.13, with a volume of 115,466 shares.

Mizuho Financial Group Trading Down 2.9 %

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 stock’s fifty day moving average price is $4.45 and its two-hundred day moving average price is $4.24. The company has a market capitalization of $64.76 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 0.92 and a beta of 0.43.

Hedge Funds Weigh In On Mizuho Financial Group

Institutional investors have recently bought and sold shares of the stock. Verdence Capital Advisors LLC bought a new position in Mizuho Financial Group in the third quarter worth about $862,000. Natixis Advisors LLC raised its stake in Mizuho Financial Group by 351.2% in the third quarter. Natixis Advisors LLC now owns 3,355,910 shares of the bank’s stock worth $14,028,000 after buying an additional 2,612,204 shares in the last quarter. Zions Bancorporation N.A. increased its stake in shares of Mizuho Financial Group by 3,594.0% during the third quarter. Zions Bancorporation N.A. now owns 157,252 shares of the bank’s stock valued at $657,000 after purchasing an additional 152,995 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Mizuho Financial Group by 28.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 89,213 shares of the bank’s stock valued at $373,000 after purchasing an additional 19,818 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Mizuho Financial Group by 143.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 94,988 shares of the bank’s stock valued at $397,000 after purchasing an additional 56,000 shares in the last quarter. 3.26% of the stock is 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.