Mizuho Financial Group (NYSE:MFG) Hits New 1-Year High – Here’s Why

Mizuho Financial Group, Inc. (NYSE:MFG)’s stock price reached 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 Price Performance

The company’s 50 day moving average price is $5.08 and its 200-day moving average price is $4.55. The company has a market cap of $71.54 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 0.94 and a beta of 0.45. 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 issued its quarterly earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Mizuho Financial Group had a return on equity of 7.74% and a net margin of 7.69%. On average, equities research analysts forecast that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current fiscal year.

Institutional Trading of Mizuho Financial Group

A number of hedge funds have recently made changes to their positions in MFG. Brighton Jones LLC grew its stake 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 valued at $60,000 after buying an additional 1,998 shares in the last quarter. Lake Street Advisors Group LLC grew its position in Mizuho Financial Group by 4.4% in the fourth quarter. Lake Street Advisors Group LLC now owns 52,243 shares of the bank’s stock worth $255,000 after acquiring an additional 2,210 shares in the last quarter. Rhumbline Advisers grew its position in Mizuho Financial Group by 0.7% in the fourth quarter. Rhumbline Advisers now owns 330,565 shares of the bank’s stock worth $1,616,000 after acquiring an additional 2,268 shares in the last quarter. Werba Rubin Papier Wealth Management increased its stake in shares of Mizuho Financial Group by 5.4% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 46,494 shares of the bank’s stock worth $194,000 after purchasing an additional 2,366 shares during the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of Mizuho Financial Group by 10.8% during the 3rd quarter. Wedmont Private Capital now owns 25,038 shares of the bank’s stock valued at $107,000 after purchasing an additional 2,432 shares in the last quarter. 3.26% of the stock is owned by hedge funds and other institutional investors.

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.