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

Mizuho Financial Group, Inc. (NYSE:MFG) hit a new 52-week high during trading on Friday . The stock traded as high as $7.39 and last traded at $7.3370, with a volume of 255628 shares. The stock had previously closed at $7.35.

Analyst Ratings Changes

MFG has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Mizuho Financial Group in a report on Monday. Zacks Research lowered shares of Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mizuho Financial Group presently has an average rating of “Buy”.

Mizuho Financial Group Stock Down 0.3%

The stock has a 50-day moving average of $6.72 and a 200-day moving average of $6.28. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $91.54 billion, a price-to-earnings ratio of 13.32, a P/E/G ratio of 0.81 and a beta of 0.35.

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

Hedge Funds Weigh In On Mizuho Financial Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Tudor Investment Corp ET AL boosted its position in Mizuho Financial Group by 99.8% in the third quarter. Tudor Investment Corp ET AL now owns 666,610 shares of the bank’s stock valued at $4,466,000 after buying an additional 333,046 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Mizuho Financial Group by 29.2% in the 3rd quarter. Allworth Financial LP now owns 9,936 shares of the bank’s stock valued at $67,000 after acquiring an additional 2,243 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Mizuho Financial Group by 5.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 7,797,023 shares of the bank’s stock valued at $52,240,000 after acquiring an additional 376,677 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in Mizuho Financial Group during the 3rd quarter worth $52,058,000. Finally, NewEdge Advisors LLC increased its holdings in Mizuho Financial Group by 18,051.6% in the 3rd quarter. NewEdge Advisors LLC now owns 11,254 shares of the bank’s stock worth $75,000 after purchasing an additional 11,192 shares in the last quarter. Institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc, together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally. It operates through Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, Asset Management Company, and Others segments.