Mizuho Financial Group (NYSE:MFG) Reaches New 1-Year High - Should You Buy?

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $5.91 and last traded at $5.88, with a volume of 1439257 shares trading hands. The stock had previously closed at $5.85.

Mizuho Financial Group Trading Down 0.3 %

The stock has a market cap of $71.03 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 0.76 and a beta of 0.45. The business has a 50-day simple moving average of $5.22 and a two-hundred day simple moving average of $4.67. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.96 and a current ratio of 0.97.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last released its earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.05. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. As a group, research analysts forecast that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MFG. Forum Financial Management LP boosted its holdings in shares of Mizuho Financial Group by 33.3% in the 4th quarter. Forum Financial Management LP now owns 364,094 shares of the bank's stock valued at $1,780,000 after buying an additional 90,960 shares during the last quarter. BIP Alliance LLC bought a new stake in Mizuho Financial Group during the fourth quarter worth $51,000. Vise Technologies Inc. lifted its stake in Mizuho Financial Group by 139.2% in the fourth quarter. Vise Technologies Inc. now owns 150,993 shares of the bank's stock valued at $738,000 after acquiring an additional 87,871 shares during the last quarter. Focus Partners Advisor Solutions LLC bought a new position in shares of Mizuho Financial Group in the 4th quarter valued at about $64,000. Finally, Vanguard Capital Wealth Advisors increased its stake in shares of Mizuho Financial Group by 129.5% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 157,004 shares of the bank's stock worth $768,000 after purchasing an additional 88,603 shares during the last quarter. 3.26% of the stock is currently owned by 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.