Mizuho Financial Group (NYSE:MFG) Shares Gap Down – Time to Sell?

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 debt-to-equity ratio of 1.39, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a market cap of $74.26 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 0.76 and a beta of 0.39. The stock has a fifty day simple moving average of $5.57 and a two-hundred day simple moving average of $4.92.

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

Hedge Funds Weigh In On Mizuho Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC increased its holdings in shares of Mizuho Financial Group by 54.7% during the fourth quarter. Lazard Asset Management LLC now owns 23,558,714 shares of the bank’s stock worth $115,201,000 after buying an additional 8,329,657 shares in the last quarter. FMR LLC increased its holdings in Mizuho Financial Group by 31.0% in the 3rd quarter. FMR LLC now owns 17,622,960 shares of the bank’s stock worth $73,664,000 after purchasing an additional 4,167,234 shares in the last quarter. Bank of America Corp DE raised its position in Mizuho Financial Group by 18.0% in the fourth quarter. Bank of America Corp DE now owns 16,121,663 shares of the bank’s stock valued at $78,835,000 after purchasing an additional 2,454,233 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Mizuho Financial Group by 86.1% during the fourth quarter. Northern Trust Corp now owns 9,743,983 shares of the bank’s stock valued at $47,648,000 after purchasing an additional 4,508,649 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Mizuho Financial Group by 2.2% during the fourth quarter. Natixis Advisors LLC now owns 3,430,732 shares of the bank’s stock worth $16,776,000 after purchasing an additional 74,822 shares during the last quarter. Institutional investors own 3.26% of the company’s stock.

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.