Mizuho Financial Group (NYSE:MFG) Reaches New 52-Week High – Should You Buy?

Mizuho Financial Group, Inc. (NYSE:MFG) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $10.83 and last traded at $10.83, with a volume of 290382 shares traded. The stock had previously closed at $10.34.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Mizuho Financial Group in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Mizuho Financial Group Price Performance

The company has a market cap of $133.39 billion, a P/E ratio of 13.17, a P/E/G ratio of 0.84 and a beta of 0.45. The stock has a 50-day simple moving average of $9.94 and a 200 day simple moving average of $9.08. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.93 and a current ratio of 0.93.

Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings data on Thursday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The business had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $5.51 billion. Mizuho Financial Group had a return on equity of 12.82% and a net margin of 17.15%. On average, equities analysts expect that Mizuho Financial Group, Inc. will post 0.72 EPS for the current year.

Institutional Investors Weigh In On Mizuho Financial Group

A number of institutional investors have recently bought and sold shares of MFG. Parkside Financial Bank & Trust increased its holdings in Mizuho Financial Group by 72.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock valued at $32,000 after buying an additional 1,825 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of Mizuho Financial Group by 351.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 4,524 shares of the bank’s stock valued at $33,000 after buying an additional 3,522 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Mizuho Financial Group during the 1st quarter worth about $34,000. Grove Bank & Trust bought a new position in shares of Mizuho Financial Group during the 2nd quarter worth about $49,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Mizuho Financial Group during the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 3.26% of the company’s stock.

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.