Mizuho Financial Group (NYSE:MFG) Hits New 12-Month High – Here’s Why

Mizuho Financial Group, Inc. (NYSE:MFG) reached a new 52-week high on Thursday . The stock traded as high as $5.91 and last traded at $5.88, with a volume of 1439257 shares trading hands. The stock had previously closed at $5.85.

Mizuho Financial Group Price Performance

The firm has a market cap of $74.45 billion, a PE ratio of 14.69, a PEG ratio of 1.01 and a beta of 0.45. The firm has a fifty day simple moving average of $5.19 and a two-hundred day simple moving average of $4.64. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.96 and a current ratio of 0.97.

Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.05. Mizuho Financial Group had a return on equity of 8.56% and a net margin of 7.85%. Equities analysts predict that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Mizuho Financial Group

Several institutional investors have recently modified their holdings of MFG. Wilmington Savings Fund Society FSB bought a new stake in shares of Mizuho Financial Group in the 3rd quarter valued at approximately $25,000. Spire Wealth Management lifted its stake in shares of Mizuho Financial Group by 377.8% in the 4th quarter. Spire Wealth Management now owns 5,504 shares of the bank’s stock valued at $27,000 after purchasing an additional 4,352 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Mizuho Financial Group by 51.5% in the 4th quarter. Bessemer Group Inc. now owns 6,430 shares of the bank’s stock valued at $31,000 after purchasing an additional 2,187 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Mizuho Financial Group by 683.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank’s stock valued at $35,000 after purchasing an additional 7,345 shares during the last quarter. Finally, Dakota Wealth Management bought a new stake in shares of Mizuho Financial Group during the 3rd quarter worth approximately $42,000. 3.26% of the stock is owned by institutional investors.

About Mizuho Financial Group

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.