Mizuho Financial Group (NYSE:MFG) Hits New 1-Year High – Here’s What Happened

Mizuho Financial Group, Inc. (NYSE:MFG)’s share price reached a new 52-week high on Thursday . The company traded as high as $5.91 and last traded at $5.88, with a volume of 1439257 shares traded. The stock had previously closed at $5.85.

Mizuho Financial Group Stock Performance

The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a fifty day moving average price of $5.22 and a two-hundred day moving average price of $4.66. The stock has a market capitalization of $71.16 billion, a PE ratio of 14.04, a P/E/G ratio of 0.77 and a beta of 0.45.

Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings data on Monday, February 3rd. The bank reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. Research analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Brighton Jones LLC lifted its holdings in Mizuho Financial Group by 19.3% during the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock valued at $60,000 after purchasing an additional 1,998 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Mizuho Financial Group by 10.8% in the 4th quarter. Farther Finance Advisors LLC now owns 21,129 shares of the bank’s stock valued at $103,000 after buying an additional 2,054 shares during the period. Bessemer Group Inc. boosted its position in shares of Mizuho Financial Group by 51.5% during the 4th quarter. Bessemer Group Inc. now owns 6,430 shares of the bank’s stock worth $31,000 after purchasing an additional 2,187 shares during the period. Pinnacle Wealth Planning Services Inc. grew its stake in shares of Mizuho Financial Group by 6.7% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 34,890 shares of the bank’s stock valued at $171,000 after buying an additional 2,188 shares in the last quarter. Finally, Lake Street Advisors Group LLC grew its position in Mizuho Financial Group by 4.4% in the 4th quarter. Lake Street Advisors Group LLC now owns 52,243 shares of the bank’s stock valued at $255,000 after acquiring an additional 2,210 shares in the last quarter. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc, together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally. It operates through Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, Asset Management Company, and Others segments.