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

Key Points

• Mizuho Financial Group's stock reached a new 52-week high of $6.24, with a trading volume of 174,157 shares.
• Wall Street Zen upgraded Mizuho Financial Group from a sell to a hold rating, indicating a potential reversal in analyst sentiment.
• The company reported quarterly earnings of $0.15 per share, matching analysts' expectations, but its revenue of $5.13 billion fell short of expectations of $5.42 billion.

Shares of Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $6.24 and last traded at $6.24, with a volume of 174157 shares. The stock had previously closed at $6.14.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Mizuho Financial Group from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd.

Mizuho Financial Group Price Performance

The stock has a market cap of $81.06 billion, a P/E ratio of 13.41, a PEG ratio of 0.84 and a beta of 0.39. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.96 and a quick ratio of 0.96. The business's fifty day moving average price is $5.69 and its 200 day moving average price is $5.46.

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, meeting analysts' consensus estimates of $0.15. The business had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.42 billion. Mizuho Financial Group had a net margin of 10.16% and a return on equity of 8.48%. Sell-side analysts forecast that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Brooklyn Investment Group raised its holdings in Mizuho Financial Group by 166.3% in the 1st quarter. Brooklyn Investment Group now owns 5,499 shares of the bank's stock valued at $30,000 after buying an additional 3,434 shares during the last quarter. Bessemer Group Inc. raised its holdings in Mizuho Financial Group by 51.5% in the 4th quarter. Bessemer Group Inc. now owns 6,430 shares of the bank's stock valued at $31,000 after buying an additional 2,187 shares during the last quarter. Allworth Financial LP raised its holdings in Mizuho Financial Group by 81.8% in the 1st quarter. Allworth Financial LP now owns 6,611 shares of the bank's stock valued at $36,000 after buying an additional 2,975 shares during the last quarter. Quantbot Technologies LP bought a new position in Mizuho Financial Group in the 1st quarter valued at approximately $42,000. Finally, BIP Alliance LLC bought a new position in Mizuho Financial Group in the 4th quarter valued at approximately $51,000. Institutional investors own 3.26% of the company's stock.

Mizuho Financial Group Company Profile

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.