Mizuho Financial Group (NYSE:MFG) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Mizuho Financial Group, Inc. (NYSE:MFG)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.19 and traded as high as $9.33. Mizuho Financial Group shares last traded at $9.2950, with a volume of 2,365,416 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of Mizuho Financial Group in a research note on Friday, May 1st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Mizuho Financial Group Stock Performance

The company’s 50 day moving average price is $8.52 and its 200 day moving average price is $8.19. The company has a market cap of $114.80 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 0.58 and a beta of 0.46.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MFG. Brighton Jones LLC increased its stake in shares of Mizuho Financial Group by 19.3% during the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock worth $60,000 after purchasing an additional 1,998 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Mizuho Financial Group by 29.3% during the 1st quarter. AQR Capital Management LLC now owns 392,998 shares of the bank’s stock worth $2,165,000 after purchasing an additional 89,095 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Mizuho Financial Group by 0.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,508,417 shares of the bank’s stock worth $79,941,000 after purchasing an additional 57,806 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Mizuho Financial Group by 129.0% during the 1st quarter. Focus Partners Wealth now owns 51,966 shares of the bank’s stock worth $286,000 after purchasing an additional 29,273 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Mizuho Financial Group by 89.6% during the 1st quarter. Acadian Asset Management LLC now owns 13,663 shares of the bank’s stock worth $74,000 after purchasing an additional 6,455 shares during the last quarter. Institutional investors and hedge funds own 3.26% of the company’s stock.

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.