Mizuho Financial Group (NYSE:MFG) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Mizuho Financial Group, Inc. (NYSE:MFG)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.47 and traded as high as $7.36. Mizuho Financial Group shares last traded at $7.34, with a volume of 2,159,975 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Mizuho Financial Group in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Mizuho Financial Group presently has an average rating of “Buy”.

Mizuho Financial Group Trading Down 0.3%

The company has a 50 day simple moving average of $7.02 and a 200 day simple moving average of $6.47. The company has a market capitalization of $91.22 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 0.81 and a beta of 0.36. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.96 and a current ratio of 0.96.

Mizuho Financial Group (NYSE:MFG) last issued its quarterly earnings results on Friday, November 28th. The bank reported ($1.61) earnings per share (EPS) for the quarter. Mizuho Financial Group had a return on equity of 9.20% and a net margin of 11.57%.The firm had revenue of $7.53 billion during the quarter. Analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On Mizuho Financial Group

A number of large investors have recently modified their holdings of the business. Paradigm Asset Management Co. LLC acquired a new stake in shares of Mizuho Financial Group in the third quarter valued at about $125,000. True Wealth Design LLC acquired a new position in Mizuho Financial Group during the third quarter worth about $28,000. Salomon & Ludwin LLC grew its stake in Mizuho Financial Group by 2,673.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 4,160 shares of the bank’s stock valued at $27,000 after acquiring an additional 4,010 shares in the last quarter. Bessemer Group Inc. grew its stake in Mizuho Financial Group by 38.6% during the 3rd quarter. Bessemer Group Inc. now owns 7,901 shares of the bank’s stock valued at $54,000 after acquiring an additional 2,201 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings 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. Hedge funds and other 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.