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

Mizuho Financial Group, Inc. (NYSE:MFG) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.64 and traded as high as $10.10. Mizuho Financial Group shares last traded at $9.9550, with a volume of 3,483,476 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of Mizuho Financial Group in a research report on Friday, May 1st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Stock Up 0.2%

The stock has a market cap of $122.95 billion, a P/E ratio of 13.10, a PEG ratio of 0.62 and a beta of 0.46. The stock has a fifty day simple moving average of $9.24 and a 200-day simple moving average of $8.64.

Institutional Investors Weigh In On Mizuho Financial Group

Hedge funds have recently bought and sold shares of the company. Abel Hall LLC grew its stake in Mizuho Financial Group by 2.0% in the first quarter. Abel Hall LLC now owns 63,045 shares of the bank’s stock valued at $501,000 after purchasing an additional 1,257 shares in the last quarter. Riversedge Advisors LLC increased its position in shares of Mizuho Financial Group by 6.4% during the 4th quarter. Riversedge Advisors LLC now owns 21,151 shares of the bank’s stock worth $155,000 after purchasing an additional 1,279 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Mizuho Financial Group by 16.2% during the 1st quarter. Fifth Third Bancorp now owns 9,577 shares of the bank’s stock worth $76,000 after purchasing an additional 1,338 shares in the last quarter. Klingman & Associates LLC raised its stake in shares of Mizuho Financial Group by 10.5% during the 1st quarter. Klingman & Associates LLC now owns 14,137 shares of the bank’s stock worth $112,000 after purchasing an additional 1,341 shares in the last quarter. Finally, Anchyra Partners LLC boosted its holdings in shares of Mizuho Financial Group by 4.4% in the 1st quarter. Anchyra Partners LLC now owns 32,639 shares of the bank’s stock valued at $259,000 after buying an additional 1,371 shares during the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

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.