Mizuho Financial Group (NYSE:MFG) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Mizuho Financial Group, Inc. (NYSE:MFG) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.64 and traded as high as $10.10. Mizuho Financial Group shares last traded at $9.9550, with a volume of 3,483,476 shares traded.

Analyst Ratings Changes

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

Mizuho Financial Group Stock Up 0.2%

The business has a fifty day moving average of $9.24 and a 200 day moving average of $8.64. The firm has a market cap of $122.95 billion, a P/E ratio of 13.10, a PEG ratio of 0.62 and a beta of 0.46.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC increased its holdings in shares of Mizuho Financial Group by 9.8% during the 1st quarter. Parallel Advisors LLC now owns 70,412 shares of the bank’s stock worth $559,000 after acquiring an additional 6,290 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in Mizuho Financial Group by 7.9% during the 1st quarter. Glenmede Trust Co. NA now owns 80,061 shares of the bank’s stock valued at $636,000 after purchasing an additional 5,830 shares during the last quarter. Axiom Investment Management LLC acquired a new stake in Mizuho Financial Group during the 1st quarter valued at $82,000. Arkadios Wealth Advisors boosted its position in Mizuho Financial Group by 8.2% during the first quarter. Arkadios Wealth Advisors now owns 28,769 shares of the bank’s stock worth $228,000 after purchasing an additional 2,188 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Mizuho Financial Group by 15.8% during the first quarter. EverSource Wealth Advisors LLC now owns 40,402 shares of the bank’s stock worth $321,000 after purchasing an additional 5,521 shares during the period. 3.26% of the stock is currently owned by institutional investors.

About Mizuho Financial Group

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.