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

Shares of Mizuho Financial Group, Inc. (NYSE:MFG) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $9.76 and traded as high as $10.89. Mizuho Financial Group shares last traded at $10.7650, with a volume of 3,264,663 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Mizuho Financial Group from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Mizuho Financial Group currently has a consensus rating of “Strong Buy”.

Mizuho Financial Group Trading Down 0.6%

The firm has a 50 day moving average of $10.80 and a 200 day moving average of $9.78. The firm has a market cap of $130.99 billion, a PE ratio of 12.93, a P/E/G ratio of 0.71 and a beta of 0.48. 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 issued its earnings results on Thursday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. The firm had revenue of $8.55 billion for the quarter, compared to analyst estimates of $5.51 billion. Mizuho Financial Group had a return on equity of 12.82% and a net margin of 17.15%. Equities analysts anticipate that Mizuho Financial Group, Inc. will post 0.75 earnings per share for the current year.

Hedge Funds Weigh In On Mizuho Financial Group

Several large investors have recently modified their holdings of the business. Artemis Investment Management LLP lifted its stake in shares of Mizuho Financial Group by 84.6% during the 3rd quarter. Artemis Investment Management LLP now owns 7,433,017 shares of the bank’s stock valued at $82,135,000 after buying an additional 3,406,701 shares in the last quarter. Quantinno Capital Management LP grew its stake in Mizuho Financial Group by 58.8% in the 1st quarter. Quantinno Capital Management LP now owns 2,906,954 shares of the bank’s stock valued at $23,081,000 after buying an additional 1,076,717 shares in the last quarter. WCM Investment Management LLC purchased a new position in Mizuho Financial Group in the 1st quarter valued at approximately $7,014,000. QRG Capital Management Inc. raised its holdings in Mizuho Financial Group by 14.3% during the 2nd quarter. QRG Capital Management Inc. now owns 765,157 shares of the bank’s stock valued at $7,330,000 after acquiring an additional 95,651 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Mizuho Financial Group by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 602,229 shares of the bank’s stock valued at $4,782,000 after acquiring an additional 16,095 shares during the period. Hedge funds and other institutional investors own 3.26% of the company’s stock.

About Mizuho Financial Group

Mizuho Financial Group, Inc is a Japan-based financial services holding company and one of Japan’s major banking groups. Through its subsidiaries, the company provides a broad range of services to individuals, businesses, institutional investors and government-related entities.

Its principal businesses include commercial and retail banking, corporate and investment banking, trust banking, securities, asset management, private banking and other financial services. Key subsidiaries include Mizuho Bank, Mizuho Trust & Banking and Mizuho Securities, which offer deposits, lending, payments, capital markets services, investment products, advisory services and trust-related solutions.

Mizuho serves customers throughout Japan and maintains an international network supporting cross-border banking, finance and capital markets activities across the Americas, Europe, the Middle East, Africa and the Asia-Pacific region.