Mizuho Financial Group (NYSE:MFG) Shares Cross Above Fifty Day Moving Average of $2.84

Mizuho Financial Group Inc. (NYSE:MFG)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.84 and traded as high as $2.94. Mizuho Financial Group shares last traded at $2.94, with a volume of 2,584 shares changing hands.

A number of analysts have recently weighed in on MFG shares. Zacks Investment Research upgraded HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research note on Tuesday, June 18th. ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th.

The firm has a market cap of $36.77 billion, a P/E ratio of 7.00 and a beta of 1.15. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.21. The company’s 50 day simple moving average is $2.84.

Mizuho Financial Group (NYSE:MFG) last announced its earnings results on Wednesday, May 15th. The bank reported $0.14 earnings per share for the quarter. Mizuho Financial Group had a return on equity of 5.93% and a net margin of 1.68%. The company had revenue of $9.69 billion during the quarter. Analysts forecast that Mizuho Financial Group Inc. will post 0.32 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC increased its position in Mizuho Financial Group by 4.0% in the first quarter. Parametric Portfolio Associates LLC now owns 9,734,865 shares of the bank’s stock worth $29,789,000 after purchasing an additional 377,799 shares during the period. Jane Street Group LLC acquired a new stake in Mizuho Financial Group in the fourth quarter worth about $1,036,000. Mercer Global Advisors Inc. ADV acquired a new stake in Mizuho Financial Group in the first quarter worth about $878,000. D. E. Shaw & Co. Inc. increased its position in Mizuho Financial Group by 96.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 448,177 shares of the bank’s stock worth $1,345,000 after purchasing an additional 219,509 shares during the period. Finally, Gradient Investments LLC increased its position in Mizuho Financial Group by 54.3% in the second quarter. Gradient Investments LLC now owns 548,290 shares of the bank’s stock worth $1,579,000 after purchasing an additional 192,888 shares during the period. Institutional investors own 0.43% of the company’s stock.

About Mizuho Financial Group (NYSE:MFG)

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, and Asia/Oceania. It operates through five segments: Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, and Asset Management Company.

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