Mizuho Financial Group (NYSE:MFG) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Mizuho Financial Group, Inc. (NYSE:MFG) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.26 and traded as high as $10.32. Mizuho Financial Group shares last traded at $10.29, with a volume of 2,612,668 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Mizuho Financial Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Mizuho Financial Group Stock Up 1.6%

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $127.09 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 0.82 and a beta of 0.45. The business’s 50-day moving average is $10.26 and its 200-day moving average is $9.26.

Mizuho Financial Group (NYSE:MFG) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.05. The company had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $5.51 billion. Mizuho Financial Group had a return on equity of 12.82% and a net margin of 17.15%. As a group, equities analysts predict that Mizuho Financial Group, Inc. will post 0.73 earnings per share for the current year.

Institutional Trading of Mizuho Financial Group

Several hedge funds and other institutional investors have recently bought and sold shares of MFG. V Square Quantitative Management LLC acquired a new position in Mizuho Financial Group in the first quarter valued at approximately $34,000. Parkside Financial Bank & Trust grew its stake in shares of Mizuho Financial Group by 72.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock worth $32,000 after purchasing an additional 1,825 shares during the period. Brown Brothers Harriman & Co. grew its stake in shares of Mizuho Financial Group by 351.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 4,524 shares of the bank’s stock worth $33,000 after purchasing an additional 3,522 shares during the period. Grove Bank & Trust purchased a new position in shares of Mizuho Financial Group during the 2nd quarter valued at approximately $49,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Mizuho Financial Group during the 4th quarter valued at approximately $49,000. 3.26% of the stock is owned by institutional investors and hedge funds.

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.