Mizuho Financial Group (NYSE:MFG) Posts Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Mizuho Financial Group (NYSE:MFG) posted its earnings results on Friday. The bank reported $0.21 EPS for the quarter, topping the consensus estimate of $0.07 by $0.14, Zacks reports. The company had revenue of $8.66 billion during the quarter, compared to the consensus estimate of $4.73 billion. Mizuho Financial Group had a net margin of 12.31% and a return on equity of 9.23%.

Mizuho Financial Group Price Performance

Shares of NYSE:MFG traded down $0.18 during midday trading on Friday, hitting $8.69. 4,227,894 shares of the company’s stock were exchanged, compared to its average volume of 3,390,462. The stock has a 50 day moving average price of $8.28 and a 200-day moving average price of $8.00. The company has a market cap of $107.27 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 0.62 and a beta of 0.46. Mizuho Financial Group has a 12 month low of $5.08 and a 12 month high of $10.28.

Wall Street Analysts Forecast Growth

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. According to MarketBeat.com, Mizuho Financial Group currently has a consensus rating of “Moderate Buy”.

Institutional Investors Weigh In On Mizuho Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC bought a new stake in Mizuho Financial Group in the 4th quarter worth about $107,000. Compound Planning Inc. grew its position in Mizuho Financial Group by 16.0% in the 4th quarter. Compound Planning Inc. now owns 198,660 shares of the bank’s stock worth $1,454,000 after purchasing an additional 27,362 shares in the last quarter. Invesco Ltd. grew its position in Mizuho Financial Group by 43.1% in the 4th quarter. Invesco Ltd. now owns 37,757 shares of the bank’s stock worth $276,000 after purchasing an additional 11,380 shares in the last quarter. Corient Private Wealth LLC grew its position in Mizuho Financial Group by 8.9% in the 4th quarter. Corient Private Wealth LLC now owns 186,447 shares of the bank’s stock worth $1,365,000 after purchasing an additional 15,169 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in Mizuho Financial Group in the 4th quarter worth about $169,000. 3.26% of the stock is owned by institutional investors.

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.