Mizuho Financial Group (NYSE:MFG) Trading 2.1% Higher - Time to Buy?
Mizuho Financial Group (NYSE:MFG) shares rose 2.1% to $6.02 during mid-day trading, with a significant drop in trading volume. The company reported a PE ratio of 15.14 and a market cap of $76.73 billion. Analysts expect earnings per share of 0.42 for the current fiscal year. Hedge funds have increased their stakes in the company, with 3.26% of the stock owned by institutional investors. Despite the rise, Mizuho is currently rated as a Hold by analysts, who suggest other stocks may be better buys.
Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report) shares rose 2.1% during mid-day trading on Friday . The company traded as high as $6.04 and last traded at $6.02. Approximately 178,176 shares changed hands during trading, a decline of 86% from the average daily volume of 1,316,799 shares. The stock had previously closed at $5.89.
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Mizuho Financial Group Trading Up 2.8 %
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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 firm has a market capitalization of $76.73 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 0.76 and a beta of 0.39. The business's 50-day moving average price is $5.50 and its 200-day moving average price is $4.87.
Mizuho Financial Group (NYSE:MFG - Get Free Report) last announced its earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.05. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. As a group, analysts expect that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Mizuho Financial Group
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Hedge funds have recently modified their holdings of the business. Spire Wealth Management grew its position in shares of Mizuho Financial Group by 377.8% during the fourth quarter. Spire Wealth Management now owns 5,504 shares of the bank's stock worth $27,000 after acquiring an additional 4,352 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Mizuho Financial Group during the third quarter worth $25,000. Bessemer Group Inc. lifted its holdings in shares of Mizuho Financial Group by 51.5% during the fourth quarter. Bessemer Group Inc. now owns 6,430 shares of the bank's stock worth $31,000 after purchasing an additional 2,187 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of Mizuho Financial Group by 683.9% during the third quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank's stock worth $35,000 after purchasing an additional 7,345 shares during the period. Finally, CogentBlue Wealth Advisors LLC acquired a new stake in shares of Mizuho Financial Group during the fourth quarter worth $50,000. 3.26% of the stock is currently owned by hedge funds and other institutional investors.
About Mizuho Financial Group
(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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