Mizuho Financial Group (NYSE:MFG) Shares Gap Up - Should You Buy?

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $4.67, but opened at $4.83. Mizuho Financial Group shares last traded at $4.88, with a volume of 573,589 shares trading hands.

Mizuho Financial Group Trading Up 3.5 %

The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a market cap of $60.90 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 0.76 and a beta of 0.33. The business has a 50-day simple moving average of $5.40 and a two-hundred day simple moving average of $5.02.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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

Institutional investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new position in Mizuho Financial Group during the third quarter worth $25,000. Spire Wealth Management grew its holdings in 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 period. Bessemer Group Inc. increased its position in 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 buying an additional 2,187 shares during the last quarter. CogentBlue Wealth Advisors LLC bought a new stake in Mizuho Financial Group in the fourth quarter valued at approximately $50,000. Finally, BIP Alliance LLC bought a new position in shares of Mizuho Financial Group during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 3.26% of the company's stock.

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.