Aperio Group LLC recently announced the acquisition of new stake in Mizuho Financial Group Inc. (NYSE:MFG). The institutional investor has increased its shareholding in the Financial company by 15.42% to 6.3 million shares with purchase of 0.84 million shares. This fresh investment now brings its stake to 0.05% valued currently at $19.86 million. In addition, Crossmark Global Investments, Inc raised its holdings by 0.29 million to 4.42 million shares. And American Century Investment Manag has lifted its position by 33.22% or 0.28 million shares – to 1.12 million shares.
With over 4.08 million Mizuho Financial Group Inc. (MFG) shares trading Friday and a closing price of $3.07 on the day, the dollar volume was approximately $12.53 million. The shares have shown a positive half year performance of 33.48% and its price on 03/10/23 lost nearly -4.95%. Currently, there are 12.68B common shares owned by the public and among those 11.44B shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 14 analysts who have offered their price forecasts for MFG have a consensus price objective of $3.49. The analysts have set the share’s price value over the next 12 months at a high of $4.43 and a low of $2.44. The average price target is 9.97% above its recent price level and a downside to the estimated low will see the stock lose -25.82% over that period. But an upside of 30.7% will see the stock hit the forecast high price target while median target price for the stock is $3.40.
The top 3 mutual fund holders in Mizuho Financial Group Inc. are Steward Global Equity Income Fund, Avantis International Equity ETF, and Trust for Professional Managers -. Steward Global Equity Income Fund owns 1.82 million shares of the company’s stock, all valued at over $5.72 million. The company bought an additional 40890.0 shares recently to bring their total holdings to about 0.01% of the shares outstanding. Trust for Professional Managers – sold -0.2 million shares to bring its total holdings to over 0.25 million shares at a value of $0.78 million. Trust for Professional Managers – now owns shares totaling to 0.00% of the shares outstanding.
Shares of Mizuho Financial Group Inc. (NYSE: MFG) opened at $3.10, down -$0.13 from a prior closing price of $3.23. However, the script later moved the day high at 3.1400, down -4.95%. The company’s stock has a 5-day price change of -4.36% and 25.31% over the past three months. MFG shares are trading 8.10% year to date (YTD), with the 12-month market performance up to 16.73% higher. It has a 12-month low price of $2.10 and touched a high of $3.30 over the same period. MFG has an average intraday trading volume of 1.19 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.79%, -1.37%, and 22.04% respectively.
Institutional ownership of Mizuho Financial Group Inc. (NYSE: MFG) shares accounts for 0.50% of the company’s 12.68B shares outstanding. Mutual fund holders own 0.03%, while other institutional holders and individual stakeholders account for 0.49% and — respectively.
It has a market capitalization of $41.12B and a beta (3y monthly) value of 0.51. The earnings-per-share (ttm) stands at -$0.46. The company has a debt-to-equity ratio at 1.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.15% over the week and 1.61% over the month.
Analysts forecast that Mizuho Financial Group Inc. (MFG) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $1.08 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to decrease by -118.00%, and 14.30% over the next financial year. EPS should grow at an annualized rate of 6.60% over the next five years, compared to -18.00% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 14 brokerage firm advisors rate Mizuho Financial Group Inc. (MFG) as a “Strong Buy” at a consensus score of 1.00. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 7 of the 14 advise that investors “hold,” and 1 rated it as a “Sell.”
Goldman on their part issued Sell rating on October 02, 2020.
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