Mizuho Financial Group (NYSE:MFG) Sees Strong Trading Volume – Here’s Why

Mizuho Financial Group, Inc. (NYSE:MFG) saw an uptick in trading volume on Friday . 2,601,876 shares traded hands during mid-day trading, a decline of 40% from the previous session’s volume of 4,362,733 shares.The stock last traded at $9.8770 and had previously closed at $10.32.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b+)” rating on shares of Mizuho Financial Group in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Mizuho Financial Group presently has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Trading Down 4.1%

The firm has a market cap of $122.21 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 0.60 and a beta of 0.46. The business’s 50 day moving average price is $9.61 and its 200-day moving average price is $8.85. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.98 and a current ratio of 0.98.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in Mizuho Financial Group in the first quarter worth about $34,000. Parkside Financial Bank & Trust lifted its holdings in shares of Mizuho Financial Group by 72.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock worth $32,000 after purchasing an additional 1,825 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Mizuho Financial Group by 351.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 4,524 shares of the bank’s stock worth $33,000 after purchasing an additional 3,522 shares during the last quarter. Grove Bank & Trust bought a new stake in shares of Mizuho Financial Group in the 2nd quarter worth approximately $49,000. Finally, Kestra Advisory Services LLC acquired a new position in Mizuho Financial Group during the 4th quarter valued at approximately $49,000. 3.26% of the stock is currently owned by institutional investors.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.