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 Upgrades and Downgrades

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

Mizuho Financial Group Trading Down 0.2%

The stock has a market cap of $77.91 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 0.71 and a beta of 0.38. The business has a 50-day moving average of $5.56 and a 200-day moving average of $5.38. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.41.

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

Institutional Investors Weigh In On Mizuho Financial Group

A number of institutional investors have recently added to or reduced their stakes in MFG. Lazard Asset Management LLC boosted its holdings in shares of Mizuho Financial Group by 54.7% in the 4th quarter. Lazard Asset Management LLC now owns 23,558,714 shares of the bank's stock worth $115,201,000 after acquiring an additional 8,329,657 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Mizuho Financial Group by 86.1% in the 4th quarter. Northern Trust Corp now owns 9,743,983 shares of the bank's stock worth $47,648,000 after acquiring an additional 4,508,649 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Mizuho Financial Group by 18.0% in the 4th quarter. Bank of America Corp DE now owns 16,121,663 shares of the bank's stock worth $78,835,000 after acquiring an additional 2,454,233 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Mizuho Financial Group in the 4th quarter worth approximately $5,951,000. Finally, Wells Fargo & Company MN lifted its holdings in Mizuho Financial Group by 48.5% during the 4th quarter. Wells Fargo & Company MN now owns 3,038,291 shares of the bank's stock worth $14,857,000 after buying an additional 992,900 shares in the last quarter. 3.26% of the stock is owned by institutional investors and hedge funds.

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.