Mizuho Financial Group (NYSE:MFG) Hits New 12-Month High - Should You Buy?

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $6.09 and last traded at $6.08, with a volume of 905326 shares traded. The stock had previously closed at $5.73.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Mizuho Financial Group from a "hold" rating to a "sell" rating in a research note on Saturday.

Mizuho Financial Group Trading Down 0.2%

The firm has a market capitalization of $77.91 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.71 and a beta of 0.38. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a 50 day moving average price of $5.56 and a two-hundred day moving average price of $5.38.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The bank reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $12.84 billion during the quarter, compared to analyst estimates of $5.38 billion. Mizuho Financial Group had a return on equity of 10.37% and a net margin of 9.81%. On average, equities research analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Mizuho Financial Group

Several large investors have recently modified their holdings of the stock. Brooklyn Investment Group boosted its position in shares of Mizuho Financial Group by 166.3% in the first quarter. Brooklyn Investment Group now owns 5,499 shares of the bank's stock worth $30,000 after buying an additional 3,434 shares during the period. Bessemer Group Inc. boosted its position in shares of Mizuho Financial Group by 51.5% in the fourth quarter. Bessemer Group Inc. now owns 6,430 shares of the bank's stock worth $31,000 after buying an additional 2,187 shares during the period. Allworth Financial LP boosted its position in shares of Mizuho Financial Group by 81.8% in the first quarter. Allworth Financial LP now owns 6,611 shares of the bank's stock worth $36,000 after buying an additional 2,975 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Mizuho Financial Group in the first quarter worth $42,000. Finally, International Private Wealth Advisors LLC acquired a new stake in shares of Mizuho Financial Group in the first quarter worth $55,000. 3.26% of the stock is 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.