Mizuho Financial Group (NYSE:MFG) Hits New 12-Month High – Still a Buy?

Mizuho Financial Group, Inc. (NYSE:MFG) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $6.47 and last traded at $6.40, with a volume of 1752218 shares changing hands. The stock had previously closed at $6.43.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Mizuho Financial Group from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd.

Mizuho Financial Group Trading Up 2.8%

The stock has a market capitalization of $84.14 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 0.87 and a beta of 0.39. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.96 and a current ratio of 0.96. The business has a 50-day moving average of $5.75 and a 200-day moving average of $5.49.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings data on Thursday, July 31st. The bank reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.42 billion. Mizuho Financial Group had a return on equity of 8.48% and a net margin of 10.16%. As a group, research analysts forecast that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Institutional Trading of Mizuho Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its stake in shares of Mizuho Financial Group by 54.7% during the 4th quarter. Lazard Asset Management LLC now owns 23,558,714 shares of the bank’s stock worth $115,201,000 after buying an additional 8,329,657 shares in the last quarter. Northern Trust Corp raised its stake in shares of Mizuho Financial Group by 86.1% during the 4th quarter. Northern Trust Corp now owns 9,743,983 shares of the bank’s stock worth $47,648,000 after buying an additional 4,508,649 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Mizuho Financial Group by 18.0% during the 4th quarter. Bank of America Corp DE now owns 16,121,663 shares of the bank’s stock worth $78,835,000 after buying an additional 2,454,233 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Mizuho Financial Group during the 4th quarter worth approximately $5,951,000. Finally, Millennium Management LLC raised its stake in shares of Mizuho Financial Group by 129.2% during the 4th quarter. Millennium Management LLC now owns 1,620,882 shares of the bank’s stock worth $7,926,000 after buying an additional 913,639 shares in the last quarter. 3.26% of the stock is owned by hedge funds and other institutional investors.

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.