Mizuho Financial Group (NYSE:MFG) Hits New 1-Year High – Should You Buy?

Mizuho Financial Group, Inc. (NYSE:MFG)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $11.08 and last traded at $11.0750, with a volume of 789611 shares traded. The stock had previously closed at $10.74.

Analyst Ratings Changes

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

Mizuho Financial Group Stock Performance

The stock has a market cap of $136.42 billion, a P/E ratio of 13.46, a PEG ratio of 0.85 and a beta of 0.46. The stock has a fifty day simple moving average of $10.33 and a 200-day simple moving average of $9.31. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.53.

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, beating analysts’ consensus estimates of $0.17 by $0.05. Mizuho Financial Group had a net margin of 17.15% and a return on equity of 12.82%. The business had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $5.51 billion. Equities analysts expect that Mizuho Financial Group, Inc. will post 0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mizuho Financial Group

Hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of Mizuho Financial Group in the 1st quarter valued at $34,000. Parkside Financial Bank & Trust lifted its holdings in Mizuho Financial Group by 72.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock worth $32,000 after acquiring an additional 1,825 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in Mizuho Financial Group by 351.5% in the fourth 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 during the period. Grove Bank & Trust acquired a new position in Mizuho Financial Group in the second quarter valued at about $49,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Mizuho Financial Group in the fourth quarter worth about $49,000. 3.26% of the stock is currently owned by institutional investors and hedge funds.

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.