Mizuho Financial Group (NYSE:MFG) Announces Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Mizuho Financial Group (NYSE:MFG) announced its quarterly earnings data on Friday. The bank reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.14, Zacks reports. Mizuho Financial Group had a return on equity of 9.23% and a net margin of 12.31%.The company had revenue of $8.66 billion for the quarter, compared to analysts’ expectations of $4.73 billion.

Mizuho Financial Group Stock Down 2.0%

NYSE:MFG traded down $0.18 during midday trading on Friday, hitting $8.69. The stock had a trading volume of 4,227,894 shares, compared to its average volume of 3,390,462. Mizuho Financial Group has a one year low of $5.08 and a one year high of $10.28. The company has a market capitalization of $107.27 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 0.62 and a beta of 0.46. The stock has a 50-day moving average of $8.28 and a 200 day moving average of $8.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its position in Mizuho Financial Group by 72.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,825 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in Mizuho Financial Group by 351.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 4,524 shares of the bank’s stock valued at $33,000 after acquiring an additional 3,522 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Mizuho Financial Group during the 4th quarter valued at $49,000. Caitong International Asset Management Co. Ltd bought a new stake in Mizuho Financial Group during the 4th quarter valued at $54,000. Finally, Moneta Group Investment Advisors LLC bought a new stake in Mizuho Financial Group during the 4th quarter valued at $77,000. Institutional investors own 3.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b+)” rating on shares of Mizuho Financial Group in a research note on Friday, May 1st. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.