Mizuho Financial Group (NYSE:MFG) Announces Quarterly Earnings Results

Mizuho Financial Group (NYSE:MFG) announced its earnings results on Friday. The bank reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.14, Zacks reports. The business had revenue of $8.66 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Mizuho Financial Group had a return on equity of 9.23% and a net margin of 12.31%.

Mizuho Financial Group Stock Down 2.0%

Shares of Mizuho Financial Group stock traded down $0.18 during trading on Friday, reaching $8.69. The company’s stock had a trading volume of 4,227,894 shares, compared to its average volume of 3,390,462. The company has a market cap of $107.27 billion, a price-to-earnings ratio of 11.43, a P/E/G ratio of 0.62 and a beta of 0.46. Mizuho Financial Group has a 1-year low of $5.08 and a 1-year high of $10.28. The company has a 50-day simple moving average of $8.28 and a two-hundred day simple moving average of $8.00.

Institutional Trading of Mizuho Financial Group

A number of institutional investors have recently made changes to their positions in the business. State Street Corp boosted its position in shares of Mizuho Financial Group by 6.5% in the 4th quarter. State Street Corp now owns 22,640 shares of the bank’s stock worth $166,000 after purchasing an additional 1,380 shares in the last quarter. Calydon Capital boosted its position in shares of Mizuho Financial Group by 6.2% in the 4th quarter. Calydon Capital now owns 26,543 shares of the bank’s stock worth $194,000 after purchasing an additional 1,555 shares in the last quarter. Hilltop Holdings Inc. boosted its position in shares of Mizuho Financial Group by 8.5% in the 3rd quarter. Hilltop Holdings Inc. now owns 20,052 shares of the bank’s stock worth $134,000 after purchasing an additional 1,568 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Mizuho Financial Group by 72.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock worth $32,000 after purchasing an additional 1,825 shares in the last quarter. Finally, Brighton Jones LLC boosted its position in shares of Mizuho Financial Group by 19.3% in the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock worth $60,000 after purchasing an additional 1,998 shares in the last quarter. Institutional investors and hedge funds own 3.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Mizuho Financial Group in a research report on Friday, May 1st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Mizuho Financial Group Company Profile

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.