Jefferies Financial Group Comments on Mizuho Financial Group, Inc.’s FY2022 Earnings (NYSE:MFG)

Mizuho Financial Group, Inc. (NYSE:MFG – Get Rating) – Analysts at Jefferies Financial Group issued their FY2022 EPS estimates for shares of Mizuho Financial Group in a report issued on Wednesday, April 20th. Jefferies Financial Group analyst H. Ban anticipates that the bank will post earnings of $0.37 per share for the year. Jefferies Financial Group also issued estimates for Mizuho Financial Group’s FY2023 earnings at $0.36 EPS and FY2024 earnings at $0.39 EPS.

Other equities research analysts have also issued research reports about the company. StockNews.com initiated coverage on Mizuho Financial Group in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research lowered Mizuho Financial Group from a “hold” rating to a “sell” rating in a research report on Saturday, April 16th. Finally, Bank of America upgraded Mizuho Financial Group from a “neutral” rating to a “buy” rating in a research report on Monday, April 11th.

Shares of NYSE MFG opened at $2.45 on Monday. Mizuho Financial Group has a 52 week low of $2.33 and a 52 week high of $3.21. The business’s 50 day moving average price is $2.65 and its 200 day moving average price is $2.66. The firm has a market cap of $31.07 billion, a P/E ratio of 5.70, a P/E/G ratio of 0.77 and a beta of 0.52.

Mizuho Financial Group (NYSE:MFG – Get Rating) last issued its earnings results on Wednesday, February 2nd. The bank reported $0.05 EPS for the quarter. The firm had revenue of $6.74 billion for the quarter. Mizuho Financial Group had a return on equity of 5.15% and a net margin of 18.32%.

Several hedge funds have recently made changes to their positions in the company. CWM LLC raised its stake in shares of Mizuho Financial Group by 53.4% during the 1st quarter. CWM LLC now owns 14,241 shares of the bank’s stock worth $37,000 after buying an additional 4,958 shares during the period. Five Oceans Advisors acquired a new position in shares of Mizuho Financial Group during the 1st quarter worth approximately $43,000. PFG Advisors acquired a new position in shares of Mizuho Financial Group during the 1st quarter worth approximately $37,000. PDS Planning Inc raised its stake in shares of Mizuho Financial Group by 86.9% during the 1st quarter. PDS Planning Inc now owns 31,170 shares of the bank’s stock worth $80,000 after buying an additional 14,489 shares during the period. Finally, Ritholtz Wealth Management raised its stake in shares of Mizuho Financial Group by 41.1% during the 1st quarter. Ritholtz Wealth Management now owns 172,532 shares of the bank’s stock worth $443,000 after buying an additional 50,244 shares during the period. 1.65% of the stock is owned by institutional investors and hedge funds.

Mizuho Financial Group Company Profile (Get Rating)

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 five segments: Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, and Asset Management Company.

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