Mizuho Financial Group (NYSE:MFG) Sees Strong Trading Volume

Mizuho Financial Group, Inc. (NYSE:MFG) saw strong trading volume on Tuesday . 3,018,871 shares changed 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 Down 1.4 %

The firm has a market cap of $48.99 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 0.73 and a beta of 0.42. The business has a 50 day moving average of $3.86 and a 200 day moving average of $3.59.

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

Hedge Funds Weigh In On Mizuho Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its holdings in Mizuho Financial Group by 278.5% during the 1st quarter. FMR LLC now owns 8,178,492 shares of the bank’s stock worth $23,063,000 after purchasing an additional 6,017,867 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Mizuho Financial Group in the 2nd quarter worth approximately $9,695,000. BlackRock Inc. increased its holdings in shares of Mizuho Financial Group by 30.0% in the 3rd quarter. BlackRock Inc. now owns 7,100,083 shares of the bank’s stock valued at $15,691,000 after acquiring an additional 1,637,617 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Mizuho Financial Group by 153.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,129,681 shares of the bank’s stock valued at $3,077,000 after acquiring an additional 1,290,129 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Mizuho Financial Group by 7,883.4% during the fourth quarter. Millennium Management LLC now owns 1,147,852 shares of the bank’s stock worth $3,260,000 after purchasing an additional 1,133,474 shares during the last quarter. 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.