Mizuho Financial Group (NYSE:MFG) Stock Price Up 6.6% - Here's Why

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report) shares rose 6.6% during mid-day trading on Tuesday . The stock traded as high as $4.67 and last traded at $4.59. Approximately 3,040,067 shares were traded during trading, an increase of 72% from the average daily volume of 1,763,588 shares. The stock had previously closed at $4.30.

Mizuho Financial Group Stock Performance

The stock has a market cap of $58.86 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 0.76 and a beta of 0.33. The firm has a fifty day simple moving average of $5.48 and a 200 day simple moving average of $5.00. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last issued its earnings results on Monday, February 3rd. The bank reported $0.15 EPS for the quarter, beating analysts' consensus estimates 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, sell-side analysts expect that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On Mizuho Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in Mizuho Financial Group during the third quarter worth about $25,000. Spire Wealth Management lifted its position in shares of Mizuho Financial Group by 377.8% during the 4th quarter. Spire Wealth Management now owns 5,504 shares of the bank's stock worth $27,000 after buying an additional 4,352 shares during the period. Bessemer Group Inc. lifted its position in shares of Mizuho Financial Group by 51.5% during the 4th quarter. Bessemer Group Inc. now owns 6,430 shares of the bank's stock worth $31,000 after buying an additional 2,187 shares during the period. TD Private Client Wealth LLC boosted its stake in Mizuho Financial Group by 683.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank's stock valued at $35,000 after buying an additional 7,345 shares in the last quarter. Finally, CogentBlue Wealth Advisors LLC bought a new stake in Mizuho Financial Group in the fourth quarter valued at $50,000. 3.26% of the stock is owned by institutional investors.

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.