Mizuho Financial Group (NYSE:MFG) Stock Price Breaks Below 200-Day Moving Average – Here’s Why

Shares of Mizuho Financial Group, Inc. (NYSE:MFG) passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $9.55 and traded as low as $9.53. Mizuho Financial Group shares last traded at $9.5450, with a volume of 3,486,608 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Mizuho Financial Group from a “buy (a)” rating to a “buy (b+)” rating in a report on Friday, October 23rd. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company has an average rating of “Buy”.

Mizuho Financial Group Price Performance

The business has a 50 day moving average of $10.58 and a 200 day moving average of $9.55. The company has a market cap of $117.89 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 0.62 and a beta of 0.57. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.93 and a quick ratio of 0.93.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. West Financial Advisors LLC purchased a new stake in Mizuho Financial Group in the third quarter worth $29,000. V Square Quantitative Management LLC bought a new position in Mizuho Financial Group in the first quarter worth $34,000. Mather Group LLC. lifted its position in Mizuho Financial Group by 768.3% during the third quarter. Mather Group LLC. now owns 3,482 shares of the bank’s stock valued at $38,000 after buying an additional 3,081 shares during the period. Root Financial Partners LLC purchased a new position in Mizuho Financial Group during the third quarter valued at $41,000. Finally, Grove Bank & Trust purchased a new position in Mizuho Financial Group during the second quarter valued at $49,000. 3.26% of the stock is currently owned by institutional investors.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc is a Japan-based financial services holding company headquartered in Tokyo. Through its subsidiaries, the group provides banking, trust banking, securities, asset management, and other financial services to individuals, businesses, financial institutions, and public-sector organizations.

Its principal businesses include deposits and lending, payments and settlement services, foreign exchange, investment banking, securities brokerage and underwriting, trust and asset management, wealth management, and corporate advisory services.