Mizuho Financial Group (NYSE:MFG) Sets New 1-Year High – Here’s What Happened

Mizuho Financial Group, Inc. (NYSE:MFGGet Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $11.08 and last traded at $11.0750, with a volume of 789611 shares traded. The stock had previously closed at $10.74.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Mizuho Financial Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Mizuho Financial Group currently has a consensus rating of “Strong Buy”.

View Our Latest Stock Analysis on Mizuho Financial Group

Mizuho Financial Group Price Performance

The stock has a market capitalization of $139.81 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 0.88 and a beta of 0.46. The company’s 50-day simple moving average is $10.39 and its 200-day simple moving average is $9.33. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.93 and a quick ratio of 0.93.

Mizuho Financial Group (NYSE:MFGGet Free Report) last issued its quarterly earnings data on Thursday, July 30th. The bank reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. Mizuho Financial Group had a return on equity of 12.82% and a net margin of 17.15%.The firm had revenue of $8.55 billion for the quarter, compared to analyst estimates of $5.51 billion. Research analysts forecast that Mizuho Financial Group, Inc. will post 0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mizuho Financial Group

A number of large investors have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP raised its stake in Mizuho Financial Group by 58.8% in the 1st quarter. Quantinno Capital Management LP now owns 2,906,954 shares of the bank’s stock valued at $23,081,000 after acquiring an additional 1,076,717 shares during the period. XY Capital Ltd bought a new position in Mizuho Financial Group during the first quarter worth $2,898,000. Lido Advisors LLC increased its holdings in shares of Mizuho Financial Group by 435.8% in the first quarter. Lido Advisors LLC now owns 226,552 shares of the bank’s stock valued at $1,799,000 after purchasing an additional 184,271 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Mizuho Financial Group by 40.2% in the fourth quarter. QRG Capital Management Inc. now owns 557,846 shares of the bank’s stock valued at $4,083,000 after purchasing an additional 159,985 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new position in shares of Mizuho Financial Group in the first quarter valued at $7,014,000. Institutional investors and hedge funds own 3.26% of the company’s stock.

About Mizuho Financial Group

(Get Free Report)

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.

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