Mizuho Financial Group (NYSE:MFG) Shares Gap Down – Should You Sell?

Mizuho Financial Group, Inc. (NYSE:MFG)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $5.25, but opened at $5.11. Mizuho Financial Group shares last traded at $5.12, with a volume of 493,447 shares changing hands.

Mizuho Financial Group Stock Performance

The firm’s 50 day simple moving average is $5.14 and its 200-day simple moving average is $5.14. 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 company has a market capitalization of $64.56 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 0.76 and a beta of 0.38.

Mizuho Financial Group (NYSE:MFG) last announced its earnings results on Thursday, May 15th. The bank reported $0.03 earnings per share (EPS) for the quarter. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. The company had revenue of $12.84 billion for the quarter. Analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Hedge Funds Weigh In On Mizuho Financial Group

Hedge funds have recently modified their holdings of the stock. Spire Wealth Management increased its stake in shares of Mizuho Financial Group by 377.8% in the fourth quarter. Spire Wealth Management now owns 5,504 shares of the bank’s stock worth $27,000 after acquiring an additional 4,352 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Mizuho Financial Group by 166.3% in the first quarter. Brooklyn Investment Group now owns 5,499 shares of the bank’s stock worth $30,000 after acquiring an additional 3,434 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Mizuho Financial Group by 51.5% in the fourth quarter. Bessemer Group Inc. now owns 6,430 shares of the bank’s stock worth $31,000 after acquiring an additional 2,187 shares during the last quarter. Allworth Financial LP increased its stake in shares of Mizuho Financial Group by 81.8% in the first quarter. Allworth Financial LP now owns 6,611 shares of the bank’s stock worth $36,000 after acquiring an additional 2,975 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Mizuho Financial Group in the first quarter worth $42,000. 3.26% of the stock is owned by institutional investors and hedge funds.

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.