Mizuho Financial Group (NYSE:MFG) Hits New 1-Year High – Time to Buy?

Mizuho Financial Group, Inc. (NYSE:MFG)’s share price hit a new 52-week high on Monday . The company traded as high as $7.64 and last traded at $7.6150, with a volume of 964531 shares. The stock had previously closed at $7.41.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Mizuho Financial Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Mizuho Financial Group Stock Performance

The firm has a market cap of $94.64 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 0.82 and a beta of 0.36. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.27. The company has a 50 day moving average of $7.04 and a 200 day moving average of $6.50.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings data on Friday, November 28th. The bank reported ($1.61) earnings per share (EPS) for the quarter. The business had revenue of $7.53 billion for the quarter. Mizuho Financial Group had a return on equity of 9.20% and a net margin of 11.57%. As a group, equities research analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MFG. Salomon & Ludwin LLC lifted its position in shares of Mizuho Financial Group by 2,673.3% during the third quarter. Salomon & Ludwin LLC now owns 4,160 shares of the bank’s stock worth $27,000 after purchasing an additional 4,010 shares during the last quarter. True Wealth Design LLC bought a new stake in Mizuho Financial Group in the third quarter valued at about $28,000. Bessemer Group Inc. raised its stake in Mizuho Financial Group by 38.6% during the third quarter. Bessemer Group Inc. now owns 7,901 shares of the bank’s stock valued at $54,000 after buying an additional 2,201 shares in the last quarter. Jackson Thornton Wealth Management LLC bought a new position in Mizuho Financial Group during the 2nd quarter worth approximately $59,000. Finally, Brighton Jones LLC grew its position in shares of Mizuho Financial Group by 19.3% in the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock worth $60,000 after acquiring an additional 1,998 shares in the last quarter. 3.26% of the stock is owned by institutional investors and hedge funds.

About Mizuho Financial Group

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.