Mizuho Financial Group (NYSE:MFG) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Mizuho Financial Group, Inc. (NYSE:MFG) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.11 and traded as high as $9.41. Mizuho Financial Group shares last traded at $9.3250, with a volume of 3,902,858 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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 given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Mizuho Financial Group Stock Performance

The company has a 50 day simple moving average of $8.39 and a two-hundred day simple moving average of $8.11. The firm has a market cap of $115.17 billion, a PE ratio of 12.27, a P/E/G ratio of 0.60 and a beta of 0.46.

Institutional Trading of Mizuho Financial Group

Several large investors have recently added to or reduced their stakes in the company. Abel Hall LLC raised its holdings in Mizuho Financial Group by 2.0% in the 1st quarter. Abel Hall LLC now owns 63,045 shares of the bank’s stock worth $501,000 after purchasing an additional 1,257 shares during the period. Riversedge Advisors LLC raised its holdings in Mizuho Financial Group by 6.4% in the 4th quarter. Riversedge Advisors LLC now owns 21,151 shares of the bank’s stock worth $155,000 after purchasing an additional 1,279 shares during the period. Fifth Third Bancorp raised its holdings in Mizuho Financial Group by 16.2% in the 1st quarter. Fifth Third Bancorp now owns 9,577 shares of the bank’s stock worth $76,000 after purchasing an additional 1,338 shares during the period. Klingman & Associates LLC raised its holdings in shares of Mizuho Financial Group by 10.5% during the first quarter. Klingman & Associates LLC now owns 14,137 shares of the bank’s stock valued at $112,000 after acquiring an additional 1,341 shares during the last quarter. Finally, Anchyra Partners LLC raised its holdings in shares of Mizuho Financial Group by 4.4% during the first quarter. Anchyra Partners LLC now owns 32,639 shares of the bank’s stock valued at $259,000 after acquiring an additional 1,371 shares during the last quarter. Hedge funds and other 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.