Mizuho Financial Group (NYSE:MFG) Sees Unusually-High Trading Volume - What's Next?

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report) saw unusually-high trading volume on Friday . Approximately 8,493,650 shares changed hands during trading, an increase of 287% from the previous session's volume of 2,195,008 shares.The stock last traded at $5.52 and had previously closed at $5.52.

Mizuho Financial Group Stock Down 0.4%

The stock has a market capitalization of $69.28 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 0.69 and a beta of 0.38. The business has a fifty day moving average of $5.41 and a 200 day moving average of $5.32. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.99 and a quick ratio of 0.99.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The bank reported $0.03 EPS for the quarter, meeting analysts' consensus estimates of $0.03. Mizuho Financial Group had a return on equity of 10.37% and a net margin of 9.81%. The firm had revenue of $12.84 billion for the quarter, compared to analysts' expectations of $5.38 billion. As a group, equities analysts predict that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On Mizuho Financial Group

Hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC increased its stake in shares of Mizuho Financial Group by 54.7% during the 4th quarter. Lazard Asset Management LLC now owns 23,558,714 shares of the bank's stock worth $115,201,000 after purchasing an additional 8,329,657 shares in the last quarter. Northern Trust Corp increased its stake in shares of Mizuho Financial Group by 86.1% during the 4th quarter. Northern Trust Corp now owns 9,743,983 shares of the bank's stock worth $47,648,000 after purchasing an additional 4,508,649 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Mizuho Financial Group by 18.0% during the 4th quarter. Bank of America Corp DE now owns 16,121,663 shares of the bank's stock worth $78,835,000 after purchasing an additional 2,454,233 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Mizuho Financial Group during the 4th quarter worth approximately $5,951,000. Finally, Wells Fargo & Company MN increased its stake in shares of Mizuho Financial Group by 48.5% during the 4th quarter. Wells Fargo & Company MN now owns 3,038,291 shares of the bank's stock worth $14,857,000 after purchasing an additional 992,900 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.

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