Mizuho Financial Group (NYSE:MFG) Trading 2.1% Higher – Time to Buy?

Mizuho Financial Group, Inc. (NYSE:MFG) was up 2.1% on Friday . The stock traded as high as $6.04 and last traded at $6.02. Approximately 178,176 shares were traded during trading, a decline of 86% from the average daily volume of 1,316,799 shares. The stock had previously closed at $5.89.

Mizuho Financial Group Trading Up 2.8 %

The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.39. The company has a fifty day moving average of $5.50 and a two-hundred day moving average of $4.87. The stock has a market capitalization of $76.73 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 0.76 and a beta of 0.39.

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

Institutional Investors Weigh In On Mizuho Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new stake in Mizuho Financial Group in the third quarter valued at $25,000. Spire Wealth Management raised its stake in shares of Mizuho Financial Group by 377.8% during the 4th quarter. Spire Wealth Management now owns 5,504 shares of the bank’s stock worth $27,000 after buying an additional 4,352 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Mizuho Financial Group by 51.5% during the 4th quarter. Bessemer Group Inc. now owns 6,430 shares of the bank’s stock worth $31,000 after buying an additional 2,187 shares during the last quarter. TD Private Client Wealth LLC raised its stake in shares of Mizuho Financial Group by 683.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank’s stock worth $35,000 after buying an additional 7,345 shares during the last quarter. Finally, CogentBlue Wealth Advisors LLC acquired a new position in shares of Mizuho Financial Group during the 4th quarter worth $50,000. Institutional investors and hedge funds own 3.26% of the company’s stock.

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.