Mizuho Financial Group (NYSE:MFG) Sets New 1-Year High - Time to Buy?

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $5.95 and last traded at $5.93, with a volume of 1088845 shares. The stock had previously closed at $5.84.

Mizuho Financial Group Trading Up 2.5 %

The stock's fifty day simple moving average is $5.53 and its 200-day simple moving average is $4.89. The firm has a market cap of $76.48 billion, a PE ratio of 15.09, a PEG ratio of 0.76 and a beta of 0.39. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.96.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts forecast that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Spire Wealth Management raised its holdings in shares of Mizuho Financial Group by 377.8% during the fourth quarter. Spire Wealth Management now owns 5,504 shares of the bank's stock worth $27,000 after purchasing an additional 4,352 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Mizuho Financial Group during the third quarter worth $25,000. Bessemer Group Inc. raised its holdings in shares of Mizuho Financial Group by 51.5% during the fourth quarter. Bessemer Group Inc. now owns 6,430 shares of the bank's stock worth $31,000 after purchasing an additional 2,187 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Mizuho Financial Group by 683.9% during the third quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank's stock worth $35,000 after purchasing an additional 7,345 shares during the last quarter. Finally, CogentBlue Wealth Advisors LLC purchased a new position in shares of Mizuho Financial Group during the fourth quarter worth $50,000. Hedge funds and other institutional investors own 3.26% of the company's stock.

Remove Ads

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.