Mizuho Financial Group (NYSE:MFG) Sees Strong Trading Volume – Still a Buy?

Mizuho Financial Group, Inc. (NYSE:MFG) shares saw strong trading volume on Friday . 2,752,695 shares changed hands during trading, an increase of 134% from the previous session’s volume of 1,175,450 shares.The stock last traded at $5.44 and had previously closed at $5.57.

Mizuho Financial Group Stock Performance

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.15. The stock has a fifty day moving average price of $5.04 and a two-hundred day moving average price of $4.51. The company has a market capitalization of $69.46 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 0.94 and a beta of 0.45.

Institutional Trading of Mizuho Financial Group

Several institutional investors have recently made changes to their positions in MFG. Envestnet Asset Management Inc. lifted its position in shares of Mizuho Financial Group by 6.4% during the second quarter. Envestnet Asset Management Inc. now owns 538,398 shares of the bank’s stock worth $2,277,000 after purchasing an additional 32,462 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Mizuho Financial Group by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 438,746 shares of the bank’s stock worth $1,856,000 after buying an additional 26,182 shares during the last quarter. Sei Investments Co. boosted its stake in Mizuho Financial Group by 45.5% in the second quarter. Sei Investments Co. now owns 19,475 shares of the bank’s stock valued at $82,000 after acquiring an additional 6,090 shares during the period. Xponance Inc. grew its stake in Mizuho Financial Group by 21.2% during the 2nd quarter. Xponance Inc. now owns 23,063 shares of the bank’s stock worth $98,000 after buying an additional 4,041 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Mizuho Financial Group in the 2nd quarter worth about $387,000. 3.26% of the stock is owned by hedge funds and other institutional investors.

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.