Mizuho Financial Group (NYSE:MFG) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Mizuho Financial Group, Inc. (NYSE:MFG)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.11 and traded as high as $9.41. Mizuho Financial Group shares last traded at $9.3250, with a volume of 3,902,858 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b+)” rating on shares of Mizuho Financial Group in a report on Friday, May 1st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Mizuho Financial Group currently has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Price Performance

The business has a fifty day simple moving average of $8.39 and a 200 day simple moving average of $8.11. The firm has a market cap of $115.17 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 0.60 and a beta of 0.46.

Institutional Investors Weigh In On Mizuho Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Abel Hall LLC increased its holdings in shares of Mizuho Financial Group by 2.0% in the first quarter. Abel Hall LLC now owns 63,045 shares of the bank’s stock valued at $501,000 after purchasing an additional 1,257 shares during the last quarter. Riversedge Advisors LLC increased its holdings in shares of Mizuho Financial Group by 6.4% in the fourth quarter. Riversedge Advisors LLC now owns 21,151 shares of the bank’s stock valued at $155,000 after purchasing an additional 1,279 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Mizuho Financial Group by 16.2% in the first quarter. Fifth Third Bancorp now owns 9,577 shares of the bank’s stock valued at $76,000 after purchasing an additional 1,338 shares during the last quarter. Klingman & Associates LLC increased its holdings in shares of Mizuho Financial Group by 10.5% in the first quarter. Klingman & Associates LLC now owns 14,137 shares of the bank’s stock valued at $112,000 after purchasing an additional 1,341 shares during the last quarter. Finally, Anchyra Partners LLC increased its holdings in shares of Mizuho Financial Group by 4.4% in the first quarter. Anchyra Partners LLC now owns 32,639 shares of the bank’s stock valued at $259,000 after purchasing an additional 1,371 shares during the last quarter. Institutional investors and hedge funds own 3.26% of the company’s stock.

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.