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

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

Mizuho Financial Group Stock Down 2.0%

Shares of MFG traded down $0.18 during mid-day trading on Friday, reaching $8.69. The company had a trading volume of 4,227,894 shares, compared to its average volume of 3,390,462. Mizuho Financial Group has a 52-week low of $5.08 and a 52-week high of $10.28. The stock has a market capitalization of $107.27 billion, a P/E ratio of 11.43, a PEG ratio of 0.62 and a beta of 0.46. The stock has a 50 day moving average of $8.28 and a two-hundred day moving average of $8.00.

Institutional Trading of Mizuho Financial Group

A number of hedge funds have recently modified their holdings of the stock. State Street Corp boosted its stake in shares of Mizuho Financial Group by 6.5% in the fourth quarter. State Street Corp now owns 22,640 shares of the bank’s stock worth $166,000 after buying an additional 1,380 shares during the last quarter. Calydon Capital boosted its stake in shares of Mizuho Financial Group by 6.2% in the fourth quarter. Calydon Capital now owns 26,543 shares of the bank’s stock worth $194,000 after buying an additional 1,555 shares during the last quarter. Hilltop Holdings Inc. boosted its stake in shares of Mizuho Financial Group by 8.5% in the third quarter. Hilltop Holdings Inc. now owns 20,052 shares of the bank’s stock worth $134,000 after buying an additional 1,568 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Mizuho Financial Group by 72.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock worth $32,000 after buying an additional 1,825 shares during the last quarter. Finally, Brighton Jones LLC boosted its stake in shares of Mizuho Financial Group by 19.3% in the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock worth $60,000 after buying an additional 1,998 shares during the last quarter. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of Mizuho Financial Group in a report on Friday, May 1st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.