Mizuho Financial Group (NYSE:MFG) Reaches New 12-Month High – What’s Next?

Mizuho Financial Group, Inc. (NYSE:MFG)’s stock price reached a new 52-week high on Friday . The stock traded as high as $5.75 and last traded at $5.72, with a volume of 38582 shares. The stock had previously closed at $5.60.

Mizuho Financial Group Price Performance

The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.96 and a current ratio of 0.97. The firm has a market capitalization of $72.42 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 0.97 and a beta of 0.45. The business has a fifty day moving average of $5.13 and a two-hundred day moving average of $4.59.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share 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%. As a group, research 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

Large investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new stake in Mizuho Financial Group in the 3rd quarter valued at $25,000. Spire Wealth Management raised its stake in 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 acquiring an additional 4,352 shares during the period. Bessemer Group Inc. raised its stake in 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 acquiring an additional 2,187 shares during the period. TD Private Client Wealth LLC increased its position in 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 period. Finally, Dakota Wealth Management bought a new position in Mizuho Financial Group during the 3rd quarter worth $42,000. Institutional investors 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.