Mizuho Financial Group (NYSE:MFG) Trading Up 6.6% – Time to Buy?

Mizuho Financial Group, Inc. (NYSE:MFG) shares were up 6.6% during mid-day trading on Tuesday . The company traded as high as $4.67 and last traded at $4.59. Approximately 3,040,067 shares were traded during trading, an increase of 72% from the average daily volume of 1,763,588 shares. The stock had previously closed at $4.30.

Mizuho Financial Group Price Performance

The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.96 and a current ratio of 0.97. The company has a market capitalization of $55.06 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 0.76 and a beta of 0.33. The company has a 50-day moving average price of $5.59 and a 200-day moving average price of $4.99.

Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings data on Monday, February 3rd. The bank reported $0.15 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%. On average, equities research analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Mizuho Financial Group

Several large investors have recently made changes to their positions in MFG. Wilmington Savings Fund Society FSB bought a new position in Mizuho Financial Group during the 3rd quarter worth about $25,000. Spire Wealth Management grew its holdings in shares of Mizuho Financial Group by 377.8% in the 4th quarter. Spire Wealth Management now owns 5,504 shares of the bank’s stock valued at $27,000 after acquiring an additional 4,352 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Mizuho Financial Group by 51.5% in the fourth quarter. Bessemer Group Inc. now owns 6,430 shares of the bank’s stock valued at $31,000 after acquiring an additional 2,187 shares during the last quarter. TD Private Client Wealth LLC boosted its position in Mizuho Financial Group by 683.9% during the third quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank’s stock valued at $35,000 after purchasing an additional 7,345 shares during the last quarter. Finally, CogentBlue Wealth Advisors LLC bought a new position in Mizuho Financial Group in the fourth quarter valued at approximately $50,000. Institutional investors own 3.26% of the company’s stock.

About Mizuho Financial Group

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.