Mizuho Financial Group (NYSE:MFG) Sets New 52-Week High – What’s Next?

Mizuho Financial Group, Inc. (NYSE:MFG) shares reached a new 52-week high on Wednesday . The stock traded as high as $10.36 and last traded at $10.3650, with a volume of 2555412 shares. The stock had previously closed at $9.76.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of Mizuho Financial Group in a research note on Friday, May 1st. One investment 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 presently has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Stock Up 6.1%

The company has a market cap of $127.89 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 0.61 and a beta of 0.45. The company’s 50-day moving average is $8.89 and its two-hundred day moving average is $8.41.

Hedge Funds Weigh In On Mizuho Financial Group

Institutional investors have recently added to or reduced their stakes in the stock. Paradigm Asset Management Co. LLC bought a new position in Mizuho Financial Group during the third quarter valued at about $125,000. V Square Quantitative Management LLC bought a new position in Mizuho Financial Group during the first quarter valued at about $34,000. Parkside Financial Bank & Trust boosted its position in Mizuho Financial Group by 72.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock worth $32,000 after purchasing an additional 1,825 shares during the period. Brown Brothers Harriman & Co. boosted its position in Mizuho Financial Group by 351.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 4,524 shares of the bank’s stock worth $33,000 after purchasing an additional 3,522 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Mizuho Financial Group during the fourth quarter worth about $49,000. Institutional investors 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.