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

Mizuho Financial Group, Inc. (NYSE:MFG)’s stock price hit a new 52-week high on Thursday . The company traded as high as $6.87 and last traded at $6.8450, with a volume of 37149 shares traded. The stock had previously closed at $6.80.

Wall Street Analysts Forecast Growth

MFG has been the subject of several research reports. Zacks Research downgraded shares of Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 25th. Weiss Ratings reissued a “buy (b+)” rating on shares of Mizuho Financial Group in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Mizuho Financial Group from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Mizuho Financial Group has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Stock Performance

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.21. The firm has a market cap of $85.66 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 0.80 and a beta of 0.34. The business’s fifty day simple moving average is $6.57 and its 200-day simple moving average is $6.01.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MFG. Aaron Wealth Advisors LLC raised its stake in Mizuho Financial Group by 1.5% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 107,860 shares of the bank’s stock valued at $723,000 after purchasing an additional 1,569 shares during the period. Jones Financial Companies Lllp grew its position in Mizuho Financial Group by 22.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 9,150 shares of the bank’s stock valued at $63,000 after acquiring an additional 1,704 shares during the last quarter. CWM LLC grew its stake in Mizuho Financial Group by 7.5% in the 3rd quarter. CWM LLC now owns 25,154 shares of the bank’s stock worth $169,000 after acquiring an additional 1,763 shares in the last quarter. Seeds Investor LLC raised its position in Mizuho Financial Group by 18.6% during the 2nd quarter. Seeds Investor LLC now owns 12,237 shares of the bank’s stock valued at $68,000 after purchasing an additional 1,917 shares in the last quarter. Finally, Brighton Jones LLC grew its holdings in Mizuho Financial Group by 19.3% during the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock worth $60,000 after acquiring an additional 1,998 shares in the last quarter. Institutional investors 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.