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

Shares of Mizuho Financial Group, Inc. (NYSE:MFG) saw unusually-high trading volume on Tuesday . Approximately 3,018,871 shares traded hands during mid-day trading, an increase of 177% from the previous session’s volume of 1,089,707 shares.The stock last traded at $3.87 and had previously closed at $3.99.

Mizuho Financial Group Stock Performance

The firm’s 50-day simple moving average is $3.86 and its 200 day simple moving average is $3.59. The stock has a market capitalization of $49.63 billion, a P/E ratio of 11.08, a PEG ratio of 0.74 and a beta of 0.42.

Mizuho Financial Group (NYSE:MFG) last announced its quarterly earnings data on Friday, February 2nd. The bank reported $0.11 EPS for the quarter. Mizuho Financial Group had a net margin of 8.48% and a return on equity of 6.72%. The company had revenue of $12.97 billion during the quarter. As a group, research analysts expect that Mizuho Financial Group, Inc. will post 0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MFG. Ieq Capital LLC boosted its position in Mizuho Financial Group by 7.8% during the fourth quarter. Ieq Capital LLC now owns 42,698 shares of the bank’s stock worth $147,000 after purchasing an additional 3,077 shares during the period. Private Advisor Group LLC grew its stake in Mizuho Financial Group by 5.7% in the 3rd quarter. Private Advisor Group LLC now owns 60,928 shares of the bank’s stock valued at $209,000 after buying an additional 3,262 shares during the last quarter. Sage Rhino Capital LLC raised its holdings in Mizuho Financial Group by 8.6% in the 3rd quarter. Sage Rhino Capital LLC now owns 42,035 shares of the bank’s stock valued at $144,000 after acquiring an additional 3,327 shares during the period. Five Oceans Advisors lifted its position in Mizuho Financial Group by 15.9% during the fourth quarter. Five Oceans Advisors now owns 24,423 shares of the bank’s stock worth $84,000 after acquiring an additional 3,355 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Mizuho Financial Group by 3.6% in the 4th quarter. Quadrant Capital Group LLC now owns 97,895 shares of the bank’s stock valued at $337,000 after purchasing an additional 3,368 shares during the period. 3.26% of the stock is 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.