Mizuho Financial Group (NYSE:MFG) Shares Gap Up to $3.95

Mizuho Financial Group, Inc. (NYSE:MFGGet Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $3.95, but opened at $4.08. Mizuho Financial Group shares last traded at $4.10, with a volume of 118,896 shares changing hands.

Mizuho Financial Group Stock Performance

The stock has a market capitalization of $51.83 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 0.77 and a beta of 0.39. The company has a fifty day simple moving average of $3.96 and a two-hundred day simple moving average of $3.79.

Mizuho Financial Group (NYSE:MFGGet Free Report) last announced its quarterly earnings data on Wednesday, May 15th. The bank reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.07). Mizuho Financial Group had a net margin of 6.45% and a return on equity of 5.24%. The company had revenue of $17.41 billion during the quarter. As a group, equities analysts anticipate that Mizuho Financial Group, Inc. will post 0.37 earnings per share for the current year.

Institutional Investors Weigh In On Mizuho Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of MFG. FMR LLC grew its position in shares of Mizuho Financial Group by 11.7% in the 3rd quarter. FMR LLC now owns 11,516,942 shares of the bank’s stock valued at $39,503,000 after buying an additional 1,206,471 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Mizuho Financial Group by 4.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 12,482,281 shares of the bank’s stock valued at $42,939,000 after buying an additional 488,978 shares during the last quarter. Augustine Asset Management Inc. bought a new stake in shares of Mizuho Financial Group in the 4th quarter valued at about $1,576,000. Lockheed Martin Investment Management Co. bought a new stake in shares of Mizuho Financial Group in the 4th quarter valued at about $943,000. Finally, Mariner LLC grew its position in shares of Mizuho Financial Group by 20.6% in the 3rd quarter. Mariner LLC now owns 828,705 shares of the bank’s stock valued at $2,842,000 after buying an additional 141,362 shares during the last quarter. Institutional investors own 3.26% of the company’s stock.

About Mizuho Financial Group

(Get Free Report)

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.

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