Mizuho Financial Group (NYSE:MFG) Sees Large Volume Increase - Still a Buy?

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report) saw strong trading volume on Monday . 2,867,642 shares traded hands during mid-day trading, an increase of 83% from the previous session's volume of 1,567,946 shares.The stock last traded at $4.71 and had previously closed at $4.65.

Mizuho Financial Group Trading Up 3.5 %

The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39. The company has a fifty day moving average price of $5.40 and a 200-day moving average price of $5.02. The firm has a market cap of $60.90 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 0.76 and a beta of 0.33.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The bank reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05. Mizuho Financial Group had a return on equity of 8.56% and a net margin of 7.85%. As a group, research analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Hedge Funds Weigh In On Mizuho Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC boosted its holdings in shares of Mizuho Financial Group by 1,077.4% during the third 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. Bank of New York Mellon Corp increased its position in Mizuho Financial Group by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 831,018 shares of the bank's stock worth $4,064,000 after buying an additional 144,353 shares during the period. Orion Portfolio Solutions LLC grew its stake in shares of Mizuho Financial Group by 48.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 624,582 shares of the bank's stock worth $3,054,000 after purchasing an additional 202,958 shares in the last quarter. XY Capital Ltd acquired a new position in shares of Mizuho Financial Group in the 4th quarter worth approximately $575,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Mizuho Financial Group by 20.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 952,107 shares of the bank's stock valued at $4,656,000 after buying an additional 158,478 shares in the last quarter. Institutional investors and hedge funds own 3.26% of the company's stock.

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.