Mizuho Financial Group (NYSE:MFG) Reaches New 12-Month High – What’s Next?

Mizuho Financial Group, Inc. (NYSE:MFG)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $5.65 and last traded at $5.65, with a volume of 506228 shares changing hands. The stock had previously closed at $5.55.

Mizuho Financial Group Trading Up 1.7 %

The company has a market capitalization of $71.54 billion, a P/E ratio of 15.26, a P/E/G ratio of 0.94 and a beta of 0.45. The company has a 50-day simple moving average of $5.08 and a 200 day simple moving average of $4.55. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.96 and a current ratio of 0.96.

Mizuho Financial Group (NYSE:MFG) last announced its earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Mizuho Financial Group had a net margin of 7.69% and a return on equity of 7.74%. Sell-side analysts expect that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.

Institutional Trading of Mizuho Financial Group

Several institutional investors have recently modified their holdings of MFG. Charles Schwab Investment Management Inc. raised its position in Mizuho Financial Group by 20.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 952,107 shares of the bank’s stock worth $4,656,000 after purchasing an additional 158,478 shares in the last quarter. Schechter Investment Advisors LLC raised its holdings in shares of Mizuho Financial Group by 13.4% in the 4th quarter. Schechter Investment Advisors LLC now owns 201,022 shares of the bank’s stock worth $983,000 after buying an additional 23,790 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Mizuho Financial Group by 69.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 102,468 shares of the bank’s stock worth $504,000 after buying an additional 42,082 shares during the period. US Bancorp DE boosted its stake in Mizuho Financial Group by 23.2% in the 4th quarter. US Bancorp DE now owns 716,319 shares of the bank’s stock valued at $3,503,000 after buying an additional 134,674 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in Mizuho Financial Group in the fourth quarter valued at $139,000. Institutional investors and hedge funds own 3.26% of the company’s stock.

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.