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

Mizuho Financial Group, Inc. (NYSE:MFG)’s stock price 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 Price 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 50 day moving average of $5.57 and a 200-day moving average of $4.92. The firm has a market capitalization of $74.26 billion, a P/E ratio of 14.65, a P/E/G ratio of 0.76 and a beta of 0.39.

Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings results on Monday, February 3rd. The bank reported $0.15 EPS for the quarter, beating the consensus estimate 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, sell-side analysts predict that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Institutional Investors Weigh In On Mizuho Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC increased its stake in Mizuho Financial Group by 54.7% during the 4th quarter. Lazard Asset Management LLC now owns 23,558,714 shares of the bank’s stock worth $115,201,000 after acquiring an additional 8,329,657 shares during the period. Northern Trust Corp increased its position in shares of Mizuho Financial Group by 86.1% in the fourth quarter. Northern Trust Corp now owns 9,743,983 shares of the bank’s stock worth $47,648,000 after purchasing an additional 4,508,649 shares during the period. FMR LLC raised its stake in Mizuho Financial Group by 31.0% in the third quarter. FMR LLC now owns 17,622,960 shares of the bank’s stock valued at $73,664,000 after purchasing an additional 4,167,234 shares in the last quarter. Bank of America Corp DE lifted its position in Mizuho Financial Group by 18.0% during the fourth quarter. Bank of America Corp DE now owns 16,121,663 shares of the bank’s stock worth $78,835,000 after purchasing an additional 2,454,233 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Mizuho Financial Group during the fourth quarter worth about $5,951,000. 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.