Mizuho Financial Group (NYSE:MFG) Shares Gap Down - Here's Why

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $6.04, but opened at $5.88. Mizuho Financial Group shares last traded at $5.89, with a volume of 271,993 shares traded.

Mizuho Financial Group Price Performance

The firm's 50 day simple moving average is $5.60 and its two-hundred day simple moving average is $4.93. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market capitalization of $71.66 billion, a P/E ratio of 14.14, a P/E/G ratio of 0.76 and a beta of 0.39.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Mizuho Financial Group by 11.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 793,629 shares of the bank's stock valued at $3,317,000 after acquiring an additional 83,655 shares during the period. Cerity Partners LLC increased its holdings in Mizuho Financial Group by 43.8% during the 3rd quarter. Cerity Partners LLC now owns 657,915 shares of the bank's stock valued at $2,750,000 after purchasing an additional 200,318 shares during the period. Fisher Asset Management LLC bought a new position in Mizuho Financial Group during the 3rd quarter valued at approximately $1,049,000. Hancock Whitney Corp purchased a new stake in Mizuho Financial Group in the 3rd quarter worth approximately $110,000. Finally, FMR LLC lifted its holdings in Mizuho Financial Group by 31.0% in the 3rd quarter. FMR LLC now owns 17,622,960 shares of the bank's stock worth $73,664,000 after buying an additional 4,167,234 shares during the period. 3.26% of the stock is owned by hedge funds and other institutional investors.

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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.