Mizuho Financial Group (NYSE:MFG) Shares Gap Down – Here’s Why

Shares of Mizuho Financial Group, Inc. (NYSE:MFG) gapped down before the market opened on Monday . The stock had previously closed at $6.04, but opened at $5.88. Mizuho Financial Group shares last traded at $5.89, with a volume of 271,993 shares.

Mizuho Financial Group Stock Performance

The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $75.02 billion, a PE ratio of 14.80, a PEG ratio of 0.76 and a beta of 0.39. The firm’s 50-day simple moving average is $5.53 and its 200-day simple moving average is $4.89.

Mizuho Financial Group (NYSE:MFG) last issued its earnings results on Monday, February 3rd. The bank reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. On average, research analysts predict that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On Mizuho Financial Group

Several institutional investors have recently made changes to their positions in MFG. Wilmington Savings Fund Society FSB bought a new stake in Mizuho Financial Group in the third quarter valued at $25,000. Spire Wealth Management grew its position in Mizuho Financial Group by 377.8% in the fourth quarter. Spire Wealth Management now owns 5,504 shares of the bank’s stock valued at $27,000 after acquiring an additional 4,352 shares during the period. Bessemer Group Inc. grew its position in Mizuho Financial Group by 51.5% in the fourth quarter. Bessemer Group Inc. now owns 6,430 shares of the bank’s stock valued at $31,000 after acquiring an additional 2,187 shares during the period. TD Private Client Wealth LLC grew its position in Mizuho Financial Group by 683.9% in the third quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank’s stock valued at $35,000 after acquiring an additional 7,345 shares during the period. Finally, CogentBlue Wealth Advisors LLC bought a new stake in Mizuho Financial Group in the fourth quarter valued at $50,000. 3.26% of the stock is currently owned by institutional investors and hedge funds.

About Mizuho Financial Group

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.