Mizuho Financial Group (NYSE:MFG) Releases Quarterly Earnings Results, Beats Estimates By $1.96 EPS

Mizuho Financial Group (NYSE:MFG) issued its earnings results on Thursday. The bank reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $1.96, FiscalAI reports. The firm had revenue of $8.55 billion during the quarter, compared to analyst estimates of $5.51 billion. Mizuho Financial Group had a net margin of 16.35% and a return on equity of 11.90%.

Mizuho Financial Group Price Performance

NYSE MFG traded up $0.53 during trading on Thursday, hitting $10.34. 4,429,420 shares of the stock traded hands, compared to its average volume of 4,075,860. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.82. Mizuho Financial Group has a 12-month low of $5.74 and a 12-month high of $10.78. The firm has a 50-day simple moving average of $9.88 and a 200-day simple moving average of $9.03. The company has a market capitalization of $127.65 billion, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 0.80 and a beta of 0.46.

Analyst Ratings Changes

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

Institutional Trading of Mizuho Financial Group

Several hedge funds have recently modified their holdings of MFG. Parkside Financial Bank & Trust grew its holdings 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 valued at $32,000 after purchasing an additional 1,825 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in Mizuho Financial Group by 351.5% during the fourth 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 in the last quarter. Kestra Advisory Services LLC purchased a new stake in Mizuho Financial Group during the fourth quarter valued at $49,000. Caitong International Asset Management Co. Ltd bought a new position in Mizuho Financial Group during the fourth quarter valued at $54,000. Finally, Moneta Group Investment Advisors LLC bought a new position in Mizuho Financial Group during the fourth quarter valued at $77,000. 3.26% of the stock is owned by hedge funds and other 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.