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

Mizuho Financial Group, Inc. (NYSE:MFG) shares reached a new 52-week high on Wednesday . The stock traded as high as $5.95 and last traded at $5.93, with a volume of 1088845 shares. The stock had previously closed at $5.84.

Mizuho Financial Group Stock Performance

The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.96. The stock has a market cap of $76.48 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 0.76 and a beta of 0.39. The company’s fifty day simple moving average is $5.50 and its two-hundred day simple moving average is $4.87.

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 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%. On average, analysts forecast that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC boosted its holdings in Mizuho Financial Group by 19.3% in the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock valued at $60,000 after acquiring an additional 1,998 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Mizuho Financial Group by 10.8% in the 4th quarter. Farther Finance Advisors LLC now owns 21,129 shares of the bank’s stock worth $103,000 after buying an additional 2,054 shares in the last quarter. Bessemer Group Inc. increased its holdings in Mizuho Financial Group by 51.5% in 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 in the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in Mizuho Financial Group by 6.7% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 34,890 shares of the bank’s stock worth $171,000 after buying an additional 2,188 shares in the last quarter. Finally, Lake Street Advisors Group LLC grew its stake in shares of Mizuho Financial Group by 4.4% during the 4th quarter. Lake Street Advisors Group LLC now owns 52,243 shares of the bank’s stock valued at $255,000 after purchasing an additional 2,210 shares during the period. 3.26% of the stock is currently owned by institutional investors.

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.