Goldman Sachs Asset Management LP 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 6.96% to 11.16 million shares with purchase of 0.73 million shares. This fresh investment now brings its stake to 0.09% valued currently at $32.49 million. In addition, Strategic Advisers LLC raised its holdings by 5.9 million to 7.89 million shares. And Aperio Group LLC has lifted its position by 9.63% or 0.61 million shares – to 6.91 million shares.
With over 3.38 million Mizuho Financial Group Inc. (MFG) shares trading Friday and a closing price of $2.95 on the day, the dollar volume was approximately $9.97 million. The shares have shown a positive half year performance of 30.53% and its price on 05/19/23 lost nearly -2.96%. 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: 9 analysts who have offered their price forecasts for MFG have a consensus price objective of $3.42. The analysts have set the share’s price value over the next 12 months at a high of $4.25 and a low of $2.78. The average price target is 13.49% above its recent price level and a downside to the estimated low will see the stock lose -6.12% over that period. But an upside of 30.59% will see the stock hit the forecast high price target while median target price for the stock is $3.41.
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 2.09 million shares of the company’s stock, all valued at over $6.1 million. The company bought an additional 43570.0 shares recently to bring their total holdings to about 0.02% of the shares outstanding. Avantis International Equity ETF bought 17262.0 shares to see its total holdings expand to 1.22 million shares valued at over $3.55 million and representing 0.01% of the shares outstanding. Trust for Professional Managers – bought 0.17 million shares to bring its total holdings to over 0.42 million shares at a value of $1.23 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 $3.03, down -$0.01 from a prior closing price of $3.04. However, the script later moved the day high at 3.0300, down -2.96%. The company’s stock has a 5-day price change of 0.34% and -8.10% over the past three months. MFG shares are trading 3.87% year to date (YTD), with the 12-month market performance up to 29.39% 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 1.07 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 -0.29%, 1.08%, and 10.71% 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 0.04%, while other institutional holders and individual stakeholders account for 0.57% and — respectively.
It has a market capitalization of $38.71B and a beta (3y monthly) value of 0.49. The earnings-per-share (ttm) stands at -$0.45. 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 2.04% over the week and 1.83% 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 $1.05 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 14.10% 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.
