Mizuho Financial Group (NYSE:MFG) Sets New 1-Year High – What’s Next?

Mizuho Financial Group, Inc. (NYSE:MFG) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $10.79 and last traded at $10.5850, with a volume of 3706074 shares. The stock had previously closed at $10.49.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of Mizuho Financial Group in a 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Mizuho Financial Group Trading Down 3.1%

The firm’s 50 day moving average price is $9.59 and its 200-day moving average price is $8.84. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $127.52 billion, a P/E ratio of 13.59, a P/E/G ratio of 0.65 and a beta of 0.46.

Institutional Trading of Mizuho Financial Group

Institutional investors and hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust boosted its stake in shares of Mizuho Financial Group by 72.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock worth $32,000 after acquiring an additional 1,825 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake 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 period. V Square Quantitative Management LLC bought a new stake in Mizuho Financial Group during the 1st quarter valued at approximately $34,000. Grove Bank & Trust purchased a new position in Mizuho Financial Group in the 2nd quarter worth approximately $49,000. Finally, Kestra Advisory Services LLC purchased a new position in Mizuho Financial Group in the 4th quarter worth approximately $49,000. Institutional investors own 3.26% of the company’s stock.

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.