Mizuho Financial Group (NYSE:MFG) Reaches New 1-Year High - Time to Buy?
Mizuho Financial Group (NYSE:MFG) reached a new 52-week high, trading as high as $7.19. Analysts have mixed ratings, with Weiss Ratings giving a 'buy' and Zacks Research downgrading to 'hold'. The stock has a market cap of $89.41 billion and a P/E ratio of 14.91. Institutional investors have increased their positions, owning 3.26% of the stock. Despite a 'Buy' rating, some analysts suggest better investment options.
Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company traded as high as $7.19 and last traded at $7.1550, with a volume of 1492937 shares changing hands. The stock had previously closed at $7.10.
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Analyst Ratings Changes
- Global Value: 3 Stocks Under $10 Riding a Weak Dollar
Several equities research analysts have recently issued reports on MFG shares. Weiss Ratings reaffirmed a "buy (a-)" rating on shares of Mizuho Financial Group in a report on Wednesday, November 26th. Zacks Research downgraded Mizuho Financial Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy".
View Our Latest Analysis on Mizuho Financial Group
Mizuho Financial Group Stock Up 0.8%
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The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.21. The company has a 50 day simple moving average of $6.63 and a two-hundred day simple moving average of $6.18. The company has a market capitalization of $89.41 billion, a P/E ratio of 14.91, a PEG ratio of 0.80 and a beta of 0.34.
Mizuho Financial Group (NYSE:MFG - Get Free Report) last posted its quarterly earnings data on Friday, November 28th. The bank reported ($1.61) earnings per share (EPS) for the quarter. The company had revenue of $7.53 billion during the quarter. Mizuho Financial Group had a net margin of 10.16% and a return on equity of 8.48%. As a group, equities analysts predict that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.
Institutional Investors Weigh In On Mizuho Financial Group
- 3 Stocks Getting Boosted by Analysts
Several institutional investors have recently made changes to their positions in MFG. Salomon & Ludwin LLC boosted its stake in shares of Mizuho Financial Group by 2,673.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 4,160 shares of the bank's stock worth $27,000 after purchasing an additional 4,010 shares during the period. True Wealth Design LLC bought a new stake in Mizuho Financial Group in the third quarter worth about $28,000. Brooklyn Investment Group boosted its position in shares of Mizuho Financial Group by 166.3% during the first quarter. Brooklyn Investment Group now owns 5,499 shares of the bank's stock valued at $30,000 after buying an additional 3,434 shares during the period. Quantbot Technologies LP bought a new position in shares of Mizuho Financial Group during the first quarter valued at approximately $42,000. Finally, Bessemer Group Inc. raised its holdings in shares of Mizuho Financial Group by 38.6% in the third quarter. Bessemer Group Inc. now owns 7,901 shares of the bank's stock worth $54,000 after buying an additional 2,201 shares during the period. Institutional investors own 3.26% of the company's stock.
Mizuho Financial Group Company Profile
(Get Free Report)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.
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