Mizuho Financial Group, Inc. ADR (NYSE: MFG) Disappoints Wall Street With -2.55% Stock Price Loss

Mizuho Financial Group, Inc. ADR (NYSE:MFG) has a beta value of 0.43 and has seen 2.88 million shares traded in the recent trading session. The company, currently valued at $50.76B, closed the recent trade at $4.01 per share which meant it lost -$0.1 on the day or -2.55% during that session. The MFG stock price is -15.46% off its 52-week high price of $4.63 and 21.7% above the 52-week low of $3.14. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.09 million shares traded. The 3-month trading volume is 1.24 million shares.

The consensus among analysts is that Mizuho Financial Group, Inc. ADR (MFG) is Hold stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.11.

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Mizuho Financial Group, Inc. ADR (NYSE:MFG) trade information

Sporting -2.55% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MFG stock price touched $4.01 or saw a rise of 4.75%. Year-to-date, Mizuho Financial Group, Inc. ADR shares have moved 16.42%, while the 5-day performance has seen it change 1.91%. Over the past 30 days, the shares of Mizuho Financial Group, Inc. ADR (NYSE:MFG) have changed -4.19%. Short interest in the company has seen 4.76 million shares shorted with days to cover at 3.97.

Wall Street analysts have a consensus price target for the stock at $10, which means that the shares’ value could jump 59.9% from the levels at last check today. The projected low price target is $10.0 while the price target rests at a high of $10.0. In that case, then, we find that the latest price level in today’s session is -149.38% off the targeted high while a plunge would see the stock gain -149.38% from the levels at last check today.

Mizuho Financial Group, Inc. ADR (MFG) estimates and forecasts

Figures show that Mizuho Financial Group, Inc. ADR shares have outperformed across the wider relevant industry. The company’s shares have lost -0.87% over the past 6 months, with this year growth rate of 60.71%, compared to 5.50% for the industry. Revenue growth from the last financial year stood is estimated to be -66.80%.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 40.08% over the past 5 years. Earnings growth for 2024 is a modest 23.68% while over the next 5 years, the company’s earnings are expected to increase by 13.50%.

MFG Dividends

Mizuho Financial Group, Inc. ADR is expected to release its next earnings report on 2024-Nov-11 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.14 at a share yield of 3.45%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.69%.

Mizuho Financial Group, Inc. ADR (NYSE:MFG)’s Major holders

The top two institutional holders are MORGAN STANLEY with over 22.64 million shares worth more than $95.77 million. As of 2024-06-30, MORGAN STANLEY held 0.8931% of shares outstanding.

The other major institutional holder is FMR LLC, with the holding of over 13.46 million shares as of 2024-06-30. The firm’s total holdings are worth over $56.92 million and represent 0.5308% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Avantis International Equity ETF and Trust for Professional Managers-ActivePassive International Equity ETF. As of Aug 31, 2024, the former fund manager holds about 0.02% shares in the company for having 2.05 shares of worth $8.19 million while later fund manager owns 1.18 shares of worth $4.71 million as of May 31, 2024, which makes it owner of about 0.01% of company’s outstanding stock.