Mizuho Financial Group's (MFG) Buy (B+) Rating Reiterated at Weiss Ratings

Key Points

• Mizuho Financial Group's stock was reaffirmed with a "buy (B+)" rating by Weiss Ratings, despite other analysts providing a mix of ratings, including a downgrade from Zacks Research.
• The company reported $0.15 earnings per share for the last quarter, hitting the analysts' consensus estimate, but revenue fell short of expectations at $5.13 billion.
• Mizuho Financial Group shares have recently traded up by 1.7% and the stock has a market cap of $81.37 billion with a P/E ratio of 13.46.

Mizuho Financial Group (NYSE:MFG - Get Free Report)'s stock had its "buy (b+)" rating restated by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other analysts have also recently commented on MFG. Zacks Research cut Mizuho Financial Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 25th. Wall Street Zen upgraded Mizuho Financial Group from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Mizuho Financial Group Trading Up 1.7%

Shares of MFG stock opened at $6.46 on Wednesday. Mizuho Financial Group has a fifty-two week low of $4.04 and a fifty-two week high of $6.87. The stock has a market cap of $81.37 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.77 and a beta of 0.35. The business has a fifty day simple moving average of $6.50 and a 200-day simple moving average of $5.73. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.21.

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

Institutional Trading of Mizuho Financial Group

A number of hedge funds have recently added to or reduced their stakes in MFG. Brooklyn Investment Group boosted its stake in Mizuho Financial Group by 166.3% in the 1st quarter. Brooklyn Investment Group now owns 5,499 shares of the bank's stock worth $30,000 after buying an additional 3,434 shares during the last quarter. Allworth Financial LP boosted its stake in Mizuho Financial Group by 81.8% in the 1st quarter. Allworth Financial LP now owns 6,611 shares of the bank's stock worth $36,000 after buying an additional 2,975 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Mizuho Financial Group in the 1st quarter worth about $42,000. Jackson Thornton Wealth Management LLC acquired a new stake in Mizuho Financial Group in the 2nd quarter worth about $59,000. Finally, Brighton Jones LLC boosted its stake in Mizuho Financial Group by 19.3% in the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank's stock worth $60,000 after buying an additional 1,998 shares during the last quarter. 3.26% of the stock is owned by institutional investors and hedge funds.

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.

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