Mizuho Financial Group (MFG) Reaches New 12-Month Low at $3.22

Shares of Mizuho Financial Group Inc. (NYSE:MFG) hit a new 52-week low during trading on Monday . The company traded as low as $3.22 and last traded at $3.30, with a volume of 7568 shares traded. The stock had previously closed at $3.29.

Separately, Citigroup initiated coverage on Mizuho Financial Group in a research report on Tuesday, November 13th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.00.

The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $41.73 billion, a PE ratio of 8.23 and a beta of 1.18.

Large investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its position in shares of Mizuho Financial Group by 221.6% during the third quarter. Rhumbline Advisers now owns 69,734 shares of the bank’s stock worth $244,000 after purchasing an additional 48,048 shares in the last quarter. First Republic Investment Management Inc. purchased a new stake in shares of Mizuho Financial Group during the third quarter worth about $280,000. Morgan Stanley grew its position in shares of Mizuho Financial Group by 60.4% during the third quarter. Morgan Stanley now owns 83,831 shares of the bank’s stock worth $294,000 after purchasing an additional 31,563 shares in the last quarter. Signaturefd LLC grew its position in shares of Mizuho Financial Group by 58.0% during the second quarter. Signaturefd LLC now owns 97,805 shares of the bank’s stock worth $332,000 after purchasing an additional 35,909 shares in the last quarter. Finally, Dean Capital Investments Management LLC purchased a new stake in shares of Mizuho Financial Group during the second quarter worth about $341,000. Hedge funds and other institutional investors own 0.39% of the company’s stock.

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Mizuho Financial Group Company Profile (NYSE:MFG)

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, and Asia/Oceania. It operates through five segments: Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, and Asset Management Company.

Further Reading: SEC Filing

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