Mizuho Financial Group (NYSE:MFG) Reaches New 12-Month High - Here's What Happened

Key Points

• Mizuho Financial Group (NYSE:MFG) reached a new **52-week high** of $6.80 during trading, with the last trade at $6.77.
• The stock has received mixed analyst ratings, being upgraded to a **"hold"** by Wall Street Zen but downgraded by Zacks Research from a **"strong-buy"** to a **"hold."**
• Mizuho reported **$0.15 earnings per share** for the last quarter, meeting consensus expectations, while revenue slightly lagged behind forecasts at **$5.13 billion**.

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $6.80 and last traded at $6.77, with a volume of 633 shares trading hands. The stock had previously closed at $6.75.

Analyst Upgrades and Downgrades

MFG has been the subject of a number of recent research reports. Wall Street Zen upgraded Mizuho Financial Group from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Zacks Research downgraded Mizuho Financial Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 25th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Mizuho Financial Group Stock Up 0.7%

The firm has a market capitalization of $85.59 billion, a P/E ratio of 14.16, a P/E/G ratio of 0.81 and a beta of 0.37. The company has a 50 day simple moving average of $6.31 and a two-hundred day simple moving average of $5.66. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.21.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The bank reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $5.13 billion for the quarter, compared to analysts' expectations of $5.42 billion. Mizuho Financial Group had a return on equity of 8.48% and a net margin of 10.16%. On average, equities analysts predict that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

Institutional Trading of Mizuho Financial Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Seeds Investor LLC raised its holdings in Mizuho Financial Group by 18.6% during the 2nd quarter. Seeds Investor LLC now owns 12,237 shares of the bank's stock valued at $68,000 after buying an additional 1,917 shares during the period. Brighton Jones LLC raised its holdings in Mizuho Financial Group by 19.3% during the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank's stock valued at $60,000 after buying an additional 1,998 shares during the period. Pinnacle Wealth Planning Services Inc. raised its holdings in Mizuho Financial Group by 6.7% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 34,890 shares of the bank's stock valued at $171,000 after buying an additional 2,188 shares during the period. Evergreen Capital Management LLC raised its holdings in Mizuho Financial Group by 2.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 106,595 shares of the bank's stock valued at $593,000 after buying an additional 2,190 shares during the period. Finally, Ethic Inc. raised its holdings in Mizuho Financial Group by 0.7% during the 2nd quarter. Ethic Inc. now owns 327,253 shares of the bank's stock valued at $1,820,000 after buying an additional 2,273 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.