Mizuho Financial Group (NYSE:MFG) Shares Gap Up - Here's Why

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $5.30, but opened at $5.41. Mizuho Financial Group shares last traded at $5.44, with a volume of 214,738 shares traded.

Mizuho Financial Group Stock Up 0.9%

The business's 50-day moving average price is $5.10 and its 200-day moving average price is $5.17. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $68.40 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 0.76 and a beta of 0.38.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The bank reported $0.03 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 net margin of 7.85% and a return on equity of 8.56%. As a group, equities research analysts predict that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

Institutional Trading of Mizuho Financial Group

Hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC increased its holdings in Mizuho Financial Group by 54.7% in the fourth quarter. Lazard Asset Management LLC now owns 23,558,714 shares of the bank's stock worth $115,201,000 after buying an additional 8,329,657 shares during the last quarter. Northern Trust Corp increased its holdings in Mizuho Financial Group by 86.1% in the fourth quarter. Northern Trust Corp now owns 9,743,983 shares of the bank's stock worth $47,648,000 after buying an additional 4,508,649 shares during the last quarter. Bank of America Corp DE increased its holdings in Mizuho Financial Group by 18.0% in the fourth quarter. Bank of America Corp DE now owns 16,121,663 shares of the bank's stock worth $78,835,000 after buying an additional 2,454,233 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Mizuho Financial Group in the fourth quarter worth approximately $5,951,000. Finally, Wells Fargo & Company MN increased its holdings in Mizuho Financial Group by 48.5% in the fourth 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 during the last quarter. 3.26% of the stock is owned by hedge funds and other 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.