Mizuho Financial Group (NYSE:MFG) Hits New 12-Month High – Still a Buy?

Mizuho Financial Group, Inc. (NYSE:MFG)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $5.95 and last traded at $5.93, with a volume of 1088845 shares trading hands. The stock had previously closed at $5.84.

Mizuho Financial Group Trading Up 2.5 %

The stock has a 50 day moving average of $5.50 and a 200-day moving average of $4.87. The company has a market capitalization of $76.48 billion, a P/E ratio of 15.09, a P/E/G ratio of 0.76 and a beta of 0.39. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings results on Monday, February 3rd. The bank reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Mizuho Financial Group had a return on equity of 8.56% and a net margin of 7.85%. On average, research analysts predict that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Institutional Trading of Mizuho Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new position in Mizuho Financial Group in the 3rd quarter valued at $25,000. Spire Wealth Management grew its stake in Mizuho Financial Group by 377.8% in the fourth quarter. Spire Wealth Management now owns 5,504 shares of the bank’s stock valued at $27,000 after purchasing an additional 4,352 shares during the last quarter. Bessemer Group Inc. grew its stake in Mizuho Financial Group by 51.5% in the fourth quarter. Bessemer Group Inc. now owns 6,430 shares of the bank’s stock valued at $31,000 after purchasing an additional 2,187 shares during the last quarter. TD Private Client Wealth LLC grew its stake in Mizuho Financial Group by 683.9% in the third quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank’s stock valued at $35,000 after purchasing an additional 7,345 shares during the last quarter. Finally, CogentBlue Wealth Advisors LLC acquired a new stake in Mizuho Financial Group in the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 3.26% of the company’s stock.

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.