Mizuho Financial Group (NYSE:MFG) Hits New 12-Month High – What’s Next?
by Doug Wharley · The Cerbat GemMizuho Financial Group, Inc. (NYSE:MFG – Get Free Report) reached a new 52-week high on Monday . The company traded as high as $8.09 and last traded at $7.9750, with a volume of 180893 shares trading hands. The stock had previously closed at $7.94.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Mizuho Financial Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy”.
Read Our Latest Analysis on MFG
Mizuho Financial Group Price Performance
The company’s 50-day moving average is $7.15 and its 200-day moving average is $6.58. The firm has a market cap of $99.61 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 0.88 and a beta of 0.36. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27.
Mizuho Financial Group (NYSE:MFG – Get Free Report) last released its earnings results on Friday, November 28th. The bank reported ($1.61) earnings per share for the quarter. The business had revenue of $7.53 billion for the quarter. Mizuho Financial Group had a return on equity of 9.20% and a net margin of 11.57%. Equities research analysts predict that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of MFG. HB Wealth Management LLC lifted its stake in Mizuho Financial Group by 22.1% in the 2nd quarter. HB Wealth Management LLC now owns 41,444 shares of the bank’s stock valued at $230,000 after purchasing an additional 7,497 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Mizuho Financial Group during the second quarter worth $2,005,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Mizuho Financial Group by 36.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,205 shares of the bank’s stock worth $101,000 after buying an additional 4,862 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Mizuho Financial Group by 20.0% during the second quarter. Farther Finance Advisors LLC now owns 25,091 shares of the bank’s stock worth $140,000 after buying an additional 4,183 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its stake in shares of Mizuho Financial Group by 65.1% in the 2nd quarter. Corient Private Wealth LLC now owns 244,990 shares of the bank’s stock valued at $1,362,000 after acquiring an additional 96,566 shares during the last quarter. Institutional investors own 3.26% of the company’s stock.
About Mizuho Financial Group
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.