Mizuho Financial Group (NYSE:MFG) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Mizuho's stock passed above its 200‑day moving average, trading as high as $8.14 and last at $8.1050 versus the 200‑day level of $7.78 (50‑day = $8.37).
• Mixed analyst signals: Weiss Ratings downgraded Mizuho from buy (a-) to buy (b+), the consensus is a "Moderate Buy" with one Buy and one Hold, while the shares trade at a P/E of 14.22 and market cap of about $100.7 billion.
• Quarterly results were mixed: EPS of $0.16 beat the $0.14 estimate but revenue was $2.04 billion versus $5.58 billion expected, and institutional investors including Goldman Sachs and AQR increased their stakes.

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.78 and traded as high as $8.14. Mizuho Financial Group shares last traded at $8.1050, with a volume of 3,678,453 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Mizuho Financial Group from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy".

Mizuho Financial Group Stock Down 0.2%

The stock has a market cap of $100.73 billion, a P/E ratio of 14.22, a PEG ratio of 0.58 and a beta of 0.42. The business has a 50 day moving average price of $8.37 and a 200 day moving average price of $7.78.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last released its earnings results on Monday, February 2nd. The bank reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $5.58 billion. Mizuho Financial Group had a return on equity of 9.23% and a net margin of 12.31%. On average, research analysts expect that Mizuho Financial Group, Inc. will post 0.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MFG. Brighton Jones LLC grew its stake in Mizuho Financial Group by 19.3% in the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank's stock worth $60,000 after purchasing an additional 1,998 shares in the last quarter. AQR Capital Management LLC grew its stake in Mizuho Financial Group by 29.3% in the first quarter. AQR Capital Management LLC now owns 392,998 shares of the bank's stock worth $2,165,000 after purchasing an additional 89,095 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Mizuho Financial Group by 0.4% in the first quarter. Goldman Sachs Group Inc. now owns 14,508,417 shares of the bank's stock worth $79,941,000 after purchasing an additional 57,806 shares in the last quarter. Focus Partners Wealth grew its stake in Mizuho Financial Group by 129.0% in the first quarter. Focus Partners Wealth now owns 51,966 shares of the bank's stock worth $286,000 after purchasing an additional 29,273 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in Mizuho Financial Group by 89.6% in the first quarter. Acadian Asset Management LLC now owns 13,663 shares of the bank's stock worth $74,000 after purchasing an additional 6,455 shares in the last quarter. Institutional investors own 3.26% of the company's stock.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.

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