Mizuho Financial Group (NYSE:MFG) Hits New 12-Month High – Time to Buy?

Mizuho Financial Group, Inc. (NYSE:MFG)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $5.95 and last traded at $5.93, with a volume of 1088845 shares trading hands. The stock had previously closed at $5.84.

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 stock has a market cap of $75.08 billion, a P/E ratio of 14.81, a P/E/G ratio of 0.76 and a beta of 0.39. The business has a 50 day simple moving average of $5.47 and a 200-day simple moving average of $4.85.

Mizuho Financial Group (NYSE:MFG) last issued its earnings results on Monday, February 3rd. The bank reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05. Mizuho Financial Group had a return on equity of 8.56% and a net margin of 7.85%. On average, sell-side analysts forecast that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Hedge Funds Weigh In On Mizuho Financial Group

Large investors have recently bought and sold shares of the stock. Lazard Asset Management LLC increased its stake in shares of Mizuho Financial Group by 54.7% during the fourth quarter. Lazard Asset Management LLC now owns 23,558,714 shares of the bank’s stock valued at $115,201,000 after buying an additional 8,329,657 shares during the period. Northern Trust Corp lifted its holdings in shares of Mizuho Financial Group by 86.1% during the fourth quarter. Northern Trust Corp now owns 9,743,983 shares of the bank’s stock valued at $47,648,000 after purchasing an additional 4,508,649 shares in the last quarter. FMR LLC lifted its holdings in shares of Mizuho Financial Group by 31.0% during the third quarter. FMR LLC now owns 17,622,960 shares of the bank’s stock valued at $73,664,000 after purchasing an additional 4,167,234 shares in the last quarter. Natixis Advisors LLC increased its position in Mizuho Financial Group by 351.2% during the third quarter. Natixis Advisors LLC now owns 3,355,910 shares of the bank’s stock valued at $14,028,000 after acquiring an additional 2,612,204 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Mizuho Financial Group by 18.0% during the fourth quarter. Bank of America Corp DE now owns 16,121,663 shares of the bank’s stock valued at $78,835,000 after acquiring an additional 2,454,233 shares during the last quarter. 3.26% of the stock is owned by hedge funds and other institutional investors.

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.