Mizuho Financial Group (NYSE:MFG) Shares Gap Down – Here’s Why

Mizuho Financial Group, Inc. (NYSE:MFG)’s share price gapped down before the market opened on Monday . The stock had previously closed at $6.04, but opened at $5.88. Mizuho Financial Group shares last traded at $5.89, with a volume of 271,993 shares.

Mizuho Financial Group Price Performance

The stock has a market cap of $75.02 billion, a PE ratio of 14.80, a P/E/G ratio of 0.76 and a beta of 0.39. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39. The company’s 50 day moving average is $5.53 and its 200-day moving average is $4.89.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Mizuho Financial Group during the 3rd quarter worth about $25,000. Spire Wealth Management lifted its holdings in Mizuho Financial Group by 377.8% during 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. grew its position in Mizuho Financial Group by 51.5% in the fourth quarter. Bessemer Group Inc. now owns 6,430 shares of the bank’s stock valued at $31,000 after acquiring an additional 2,187 shares during the last quarter. TD Private Client Wealth LLC grew 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 buying an additional 7,345 shares during the period. Finally, CogentBlue Wealth Advisors LLC bought a new stake in shares of Mizuho Financial Group in the 4th quarter worth approximately $50,000. 3.26% of the stock is owned by institutional investors and hedge funds.

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.