Mizuho Financial Group (NYSE:MFG) Issues Quarterly Earnings Results

Mizuho Financial Group (NYSE:MFG) issued its quarterly earnings data on Friday. The bank reported $0.21 EPS for the quarter, topping the consensus estimate of $0.07 by $0.14, Zacks reports. Mizuho Financial Group had a net margin of 12.31% and a return on equity of 9.23%. The business had revenue of $8.66 billion during the quarter, compared to analyst estimates of $4.73 billion.

Mizuho Financial Group Price Performance

MFG stock traded down $0.18 during trading on Friday, hitting $8.69. 4,227,894 shares of the stock traded hands, compared to its average volume of 3,390,462. Mizuho Financial Group has a 1 year low of $5.08 and a 1 year high of $10.28. The firm’s 50 day moving average is $8.28 and its two-hundred day moving average is $8.00. The stock has a market cap of $107.27 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 0.62 and a beta of 0.46.

Institutional Trading of Mizuho Financial Group

Institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its position in Mizuho Financial Group by 72.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,825 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in Mizuho Financial Group by 351.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 4,524 shares of the bank’s stock valued at $33,000 after purchasing an additional 3,522 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Mizuho Financial Group during the 4th quarter valued at about $49,000. Caitong International Asset Management Co. Ltd bought a new position in Mizuho Financial Group during the 4th quarter valued at about $54,000. Finally, Moneta Group Investment Advisors LLC bought a new position in Mizuho Financial Group during the 4th quarter valued at about $77,000. 3.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.