Mizuho Financial Group (NYSE:MFG) Hits New 52-Week High – Still a Buy?

Mizuho Financial Group, Inc. (NYSE:MFG)’s share price reached a new 52-week high during mid-day trading on Monday . The stock 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.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (a-)” rating on shares of Mizuho Financial Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Mizuho Financial Group has a consensus rating of “Buy”.

Mizuho Financial Group Trading Up 2.8%

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 business’s fifty day moving average is $7.04 and its 200-day moving average is $6.50. The stock has a market capitalization of $94.64 billion, a PE ratio of 13.85, a P/E/G ratio of 0.82 and a beta of 0.36.

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

Hedge Funds Weigh In On Mizuho Financial Group

A number of large investors have recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Mizuho Financial Group by 19.3% during the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock worth $60,000 after purchasing an additional 1,998 shares during the period. Hsbc Holdings PLC acquired a new position in Mizuho Financial Group during the first quarter valued at approximately $117,000. Focus Partners Advisor Solutions LLC grew its stake in Mizuho Financial Group by 130.5% during the first quarter. Focus Partners Advisor Solutions LLC now owns 30,224 shares of the bank’s stock worth $167,000 after buying an additional 17,113 shares during the period. AQR Capital Management LLC increased its position in shares of Mizuho Financial Group by 29.3% in the first quarter. AQR Capital Management LLC now owns 392,998 shares of the bank’s stock worth $2,165,000 after acquiring an additional 89,095 shares in the last quarter. Finally, Hancock Whitney Corp raised its stake in shares of Mizuho Financial Group by 24.5% in the 1st quarter. Hancock Whitney Corp now owns 31,472 shares of the bank’s stock valued at $173,000 after acquiring an additional 6,192 shares during the period. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

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.