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

Mizuho Financial Group, Inc. (NYSE:MFG) shares reached a new 52-week high on Thursday . The stock traded as high as $5.65 and last traded at $5.65, with a volume of 506228 shares changing hands. The stock had previously closed at $5.55.

Mizuho Financial Group Trading Down 3.0 %

The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.96. The stock’s 50-day moving average is $5.11 and its two-hundred day moving average is $4.56. The company has a market cap of $69.45 billion, a P/E ratio of 13.70, a P/E/G ratio of 0.97 and a beta of 0.45.

Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.05. Mizuho Financial Group had a return on equity of 8.56% and a net margin of 7.85%. As a group, equities research analysts predict that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mizuho Financial Group

Large investors have recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Mizuho Financial Group by 31.0% in the third quarter. FMR LLC now owns 17,622,960 shares of the bank’s stock worth $73,664,000 after buying an additional 4,167,234 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Mizuho Financial Group by 351.2% during the 3rd quarter. Natixis Advisors LLC now owns 3,355,910 shares of the bank’s stock valued at $14,028,000 after acquiring an additional 2,612,204 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Mizuho Financial Group in the 4th quarter worth $5,951,000. Point72 Asset Management L.P. raised its holdings in Mizuho Financial Group by 2,151.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 570,800 shares of the bank’s stock worth $2,386,000 after purchasing an additional 545,446 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its position in Mizuho Financial Group by 473.0% during the third quarter. Orion Portfolio Solutions LLC now owns 421,624 shares of the bank’s stock valued at $1,762,000 after purchasing an additional 348,046 shares in the last quarter. 3.26% of the stock is currently owned by institutional investors.

About Mizuho Financial Group

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.