Mizuho Financial Group (NYSE:MFG) Shares Gap Up – What’s Next?

Mizuho Financial Group, Inc. (NYSE:MFG) shares gapped up prior to trading on Friday. The stock had previously closed at $10.56, but opened at $11.02. Mizuho Financial Group shares last traded at $11.0330, with a volume of 301,033 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Mizuho Financial Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Mizuho Financial Group Stock Up 4.7%

The company has a market capitalization of $136.54 billion, a P/E ratio of 13.48, a PEG ratio of 0.87 and a beta of 0.46. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.93 and a quick ratio of 0.93. The company has a 50 day moving average of $10.66 and a 200-day moving average of $9.56.

Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings results on Thursday, July 30th. The bank reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The business had revenue of $8.55 billion during the quarter, compared to analyst estimates of $5.51 billion. Mizuho Financial Group had a return on equity of 12.82% and a net margin of 17.15%. As a group, equities analysts anticipate that Mizuho Financial Group, Inc. will post 0.73 EPS for the current year.

Hedge Funds Weigh In On Mizuho Financial Group

A number of institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new stake in Mizuho Financial Group in the first quarter worth about $34,000. Grove Bank & Trust bought a new position in shares of Mizuho Financial Group in the 2nd quarter worth approximately $49,000. Manchester Capital Management LLC raised its position in shares of Mizuho Financial Group by 689.7% in the 4th quarter. Manchester Capital Management LLC now owns 10,243 shares of the bank’s stock worth $75,000 after acquiring an additional 8,946 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Mizuho Financial Group by 16.2% in the 1st quarter. Fifth Third Bancorp now owns 9,577 shares of the bank’s stock valued at $76,000 after purchasing an additional 1,338 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Mizuho Financial Group in the 4th quarter valued at approximately $79,000. 3.26% of the stock is owned by institutional investors.

About Mizuho Financial Group

Mizuho Financial Group, Inc is a Japan-based financial services group headquartered in Tokyo. Established in 2003 through the integration of Dai-Ichi Kangyo Bank, Fuji Bank and Industrial Bank of Japan, the group operates through a range of financial businesses serving individuals, companies, financial institutions and public-sector organizations.

Its principal activities include commercial and investment banking, trust banking, securities services, asset management, leasing, research and consulting.