Mizuho Financial Group (NYSE:MFG) Reaches New 12-Month High – Still a Buy?

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

Mizuho Financial Group Trading Down 3.0 %

The firm has a 50 day moving average of $5.22 and a 200 day moving average of $4.66. The firm has a market cap of $71.16 billion, a PE ratio of 14.04, a P/E/G ratio of 0.77 and a beta of 0.45. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.39.

Mizuho Financial Group (NYSE:MFG) last announced its quarterly earnings results on Monday, February 3rd. The bank reported $0.15 EPS for the quarter, beating 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%. Equities analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On Mizuho Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning lifted its position in Mizuho Financial Group by 8.8% during the third quarter. Creative Planning now owns 803,259 shares of the bank’s stock valued at $3,358,000 after buying an additional 65,185 shares during the period. Bleakley Financial Group LLC grew its stake in shares of Mizuho Financial Group by 19.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 34,732 shares of the bank’s stock valued at $145,000 after purchasing an additional 5,758 shares during the period. Blue Trust Inc. increased its stake in shares of Mizuho Financial Group by 152.1% in the 3rd quarter. Blue Trust Inc. now owns 63,663 shares of the bank’s stock worth $269,000 after purchasing an additional 38,405 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Mizuho Financial Group by 28.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 89,213 shares of the bank’s stock valued at $373,000 after purchasing an additional 19,818 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Mizuho Financial Group by 5.8% in the third quarter. Sequoia Financial Advisors LLC now owns 96,308 shares of the bank’s stock worth $403,000 after acquiring an additional 5,259 shares during the period. 3.26% of the stock is currently 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.