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

Mizuho Financial Group, Inc. (NYSE:MFG) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.31 and traded as high as $10.80. Mizuho Financial Group shares last traded at $10.63, with a volume of 2,773,865 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Mizuho Financial Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Mizuho Financial Group Stock Up 3.0%

The stock has a market cap of $136.66 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 0.85 and a beta of 0.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.53. The firm’s 50 day moving average is $10.33 and its two-hundred day moving average is $9.31.

Mizuho Financial Group (NYSE:MFG) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. The firm had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $5.51 billion. Mizuho Financial Group had a return on equity of 12.82% and a net margin of 17.15%. On average, sell-side analysts predict that Mizuho Financial Group, Inc. will post 0.73 EPS for the current year.

Institutional Trading of Mizuho Financial Group

Hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust lifted its holdings in Mizuho Financial Group by 72.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,825 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Mizuho Financial Group by 351.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 4,524 shares of the bank’s stock valued at $33,000 after acquiring an additional 3,522 shares during the period. V Square Quantitative Management LLC acquired a new position in Mizuho Financial Group during the first quarter worth about $34,000. Grove Bank & Trust acquired a new position in shares of Mizuho Financial Group in the second quarter valued at approximately $49,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Mizuho Financial Group in the fourth quarter worth approximately $49,000. 3.26% of the stock is owned by institutional investors.

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.