Mizuho Financial Group (NYSE:MFG) Hits New 1-Year High – Here’s What Happened

Mizuho Financial Group, Inc. (NYSE:MFG)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $10.79 and last traded at $10.5850, with a volume of 3706074 shares changing hands. The stock had previously closed at $10.49.

Wall Street Analyst Weigh In

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

Mizuho Financial Group Stock Up 0.9%

The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.82. The business’s fifty day moving average price is $9.52 and its two-hundred day moving average price is $8.80. The firm has a market cap of $130.73 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.64 and a beta of 0.46.

Hedge Funds Weigh In On Mizuho Financial Group

Several institutional investors have recently bought and sold shares of the stock. Natixis Advisors LLC boosted its position in Mizuho Financial Group by 590.7% during the fourth quarter. Natixis Advisors LLC now owns 16,560,891 shares of the bank’s stock worth $121,226,000 after purchasing an additional 14,163,328 shares during the period. CIBC Bancorp USA Inc. bought a new position in shares of Mizuho Financial Group in the third quarter valued at approximately $52,058,000. Morgan Stanley raised its position in shares of Mizuho Financial Group by 5.7% in the fourth quarter. Morgan Stanley now owns 59,084,500 shares of the bank’s stock valued at $432,499,000 after purchasing an additional 3,166,984 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Mizuho Financial Group by 11.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 16,266,878 shares of the bank’s stock worth $119,074,000 after buying an additional 1,716,932 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Mizuho Financial Group in the fourth quarter worth $11,335,000. 3.26% of the stock is currently owned by institutional investors.

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.