Mizuho Financial Group (NYSE:MFG) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Mizuho's stock crossed above its 200‑day moving average (200‑day SMA $7.63), trading as high as $8.26 and last at $8.2350 on volume of about 5.94 million shares.
• Analysts are cautiously positive: Weiss Ratings cut its grade from buy (a-) to buy (b+), the consensus is a "Moderate Buy," and the bank reported an EPS beat ($0.16 vs. $0.14) despite revenue below expectations; valuation: market cap $102.34B, P/E 14.45, PEG 0.58.
• Institutional investors have been increasing exposure—American Century (+33.6%) and JPMorgan (+65.4%) notably boosted positions and several firms opened new stakes—while institutional ownership stands around 3.26%.

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.63 and traded as high as $8.26. Mizuho Financial Group shares last traded at $8.2350, with a volume of 5,938,366 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Mizuho Financial Group from a "buy (a-)" rating to a "buy (b+)" rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Mizuho Financial Group Stock Performance

The firm's fifty day simple moving average is $8.57 and its 200-day simple moving average is $7.63. The stock has a market cap of $102.34 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 0.58 and a beta of 0.42.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last released its quarterly earnings results on Monday, February 2nd. The bank reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $5.58 billion. Mizuho Financial Group had a net margin of 12.31% and a return on equity of 9.23%. Analysts predict that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current fiscal year.

Institutional Trading of Mizuho Financial Group

Several large investors have recently modified their holdings of the stock. American Century Companies Inc. boosted its position in shares of Mizuho Financial Group by 33.6% during the 3rd quarter. American Century Companies Inc. now owns 3,821,302 shares of the bank's stock worth $25,603,000 after purchasing an additional 961,303 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Mizuho Financial Group during the 3rd quarter worth about $2,642,000. Ramirez Asset Management Inc. bought a new position in shares of Mizuho Financial Group during the 3rd quarter worth about $7,251,000. JPMorgan Chase & Co. boosted its position in shares of Mizuho Financial Group by 65.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,120,375 shares of the bank's stock worth $7,507,000 after purchasing an additional 442,930 shares in the last quarter. Finally, Caprock Group LLC bought a new position in shares of Mizuho Financial Group during the 3rd quarter worth about $907,000. Institutional investors and hedge funds own 3.26% of the company's stock.

About Mizuho Financial Group

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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