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Mizuho Financial Group, Inc. (MFG)

NYSE - NYSE Delayed Price. Currency in USD
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2.6300-0.0100 (-0.38%)
At close: 4:00PM EDT
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Neutralpattern detected
Previous Close2.6400
Open2.6500
Bid0.0000 x 3000
Ask0.0000 x 3100
Day's Range2.6200 - 2.6500
52 Week Range1.9600 - 3.1900
Volume357,156
Avg. Volume354,195
Market Cap33.337B
Beta (5Y Monthly)1.03
PE Ratio (TTM)5.92
EPS (TTM)0.4440
Earnings DateN/A
Forward Dividend & Yield0.14 (5.21%)
Ex-Dividend DateMar 30, 2020
1y Target Est3.04
  • Bloomberg

    SoftBank’s Sale of Wireless Stock Said to Draw Excess Demand

    (Bloomberg) -- SoftBank Group Corp.’s sale of 1.24 trillion yen ($11.8 billion) of stock in its domestic wireless arm met with robust demand from overseas and Japanese financial institutions, as well as individual investors in Japan, according to people familiar with the matter.Foreign and domestic institutional investors sought more than five times as many shares than were for sale, said people involved in coordinating the transaction, who asked not to be identified because the information isn’t public. Demand from retail investors also exceeded the shares allocated.The transaction, Japan’s biggest secondary share sale in two decades, is among the latest in a frenzy of deals unleashed by SoftBank founder Masayoshi Son as the company looks to refill its coffers amid the continuing coronavirus pandemic. Son has already offloaded $13.7 billion of Alibaba Group Holding Ltd. stock and a stake in T-Mobile US Inc. for about $20 billion. It also recently agreed to sell Arm Ltd. to Nvidia Corp. for about $40 billion. SoftBank is using some of the proceeds to pay down debt and is mid-way through a record 2.5 trillion yen of stock repurchases.The Japanese firm earlier this week said it will sell SoftBank Corp. shares at 1,204.50 yen apiece, disposing about a third of its stake. SoftBank Corp.’s shares have climbed almost 3% since the announcement.Nomura Holdings Inc., Daiwa Securities Group Inc., Mizuho Financial Group Inc., Merrill Lynch Japan Securities Co. and JPMorgan Chase & Co. are the global coordinators on the deal. Nomura underwrote 35% of the domestic stock, followed by Daiwa with 30% and Mizuho’s 15%, according to the people. Overseas, Nomura, Bank of America Corp. and JPMorgan had a 20% share each. The underwriters received 21.6 billion yen in fees, according to a spokesperson for SoftBank.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • SoftBank to Raise $10.4 Billion in Sale of Wireless Unit Stock
    Bloomberg

    SoftBank to Raise $10.4 Billion in Sale of Wireless Unit Stock

    (Bloomberg) -- SoftBank Group Corp. will raise about 1.2 trillion yen ($10.4 billion) from selling about a third of its domestic wireless arm, marking Japan’s biggest secondary share sale in a decade.The Japanese firm said it will sell SoftBank Corp. shares at 1,204.50 yen apiece. Including an over-allotment option, the group will raise about $11.6 billion in total from the deal before fees, the largest sale of stock since 2009.The transaction -- along with an envisioned sale of Arm Ltd. to Nvidia Corp. for as much as $40 billion -- helps refill SoftBank’s coffers during a frenzy of deals. SoftBank and its second Vision Fund have made recent investments around the globe and founder Masayoshi Son is mid-way through a record 2.5 trillion yen of stock repurchases, buoying the parent’s stock after investment missteps and fallout from the pandemic. Executives are also said be revisiting a plan to buy out public shareholders, which had earlier met with internal opposition.Local and international investors are said to have liked the dividend yield at SoftBank Corp.’s latest price, which is lower than the initial public offering price of 1,500 yen in 2018. Nomura Holdings Inc. and Daiwa Securities Group Inc. are leading the distributions. Mizuho Financial Group Inc., Bank of America Corp. and JPMorgan Chase & Co. are also coordinators on the deal.Son’s many asset sales have put him in the unusual position of having excess cash. Separate from the SoftBank Corp. and Nvidia deals, the parent company has offloaded $13.7 billion of Alibaba Group Holding Ltd. stock and a stake in T-Mobile US Inc. for about $20 billion.With all the money coming in, Son unveiled a new asset management arm that would invest in public securities. SoftBank Group later disclosed about $3.9 billion of investments into 25 of the world’s largest technology companies including Amazon.com Inc., Tesla Inc., Netflix Inc. and Alphabet Inc. SoftBank is now said to be considering revamping a controversial strategy of using derivatives to invest in tech companies, and its executives have met with investors in recent days to assure them that the bets are relatively conservative.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • SoftBank Is Said to Get $12 Billion in Wireless Stock Orders
    Bloomberg

    SoftBank Is Said to Get $12 Billion in Wireless Stock Orders

    (Bloomberg) -- SoftBank Group Corp.’s bankers have received orders for all 1.3 trillion yen ($12 billion) of the domestic wireless unit’s stock they are selling and will probably place an over-allotment, according to people familiar with the matter.SoftBank Corp. order books for domestic and overseas investors were fully covered Tuesday with Nomura Holdings Inc. and Daiwa Securities Group Inc. leading the distributions, said the people, asking not to be identified because the matter is private. Local and international investors were drawn by the dividend yield at the latest price, which is lower than the initial public offering price of 1,500 yen in 2018, the people said. Final pricing for the sale will be as early as Sept. 14.SoftBank Group shares have tumbled this week after the conglomerate made massive bets on technology stocks using derivatives, only to see a sharp decline in the sector in recent days. The Tokyo-based company’s stock dropped as much as 7.1% Wednesday, but recovered to close 2.9% lower after Bloomberg’s report.Founder Masayoshi Son said in August SoftBank Group planned to sell about a third of its stake in the domestic wireless operation, adding to plans for asset sales of about 4.5 trillion yen. Son has used the cash he’s raised to embark on a record 2.5 trillion yen in repurchases of the company’s own shares, lifting the parent company’s stock after investment missteps and setbacks from the coronavirus fallout.The potential domestic over-allotment is slightly more than 100 million shares, which would bring in about 134 billion yen at Wednesday’s price. Mizuho Financial Group Inc., Bank of America Corp. and JPMorgan Chase & Co. are also coordinators on the deal.Son’s many asset sales have put him in the unusual position of having excess cash. Separate from the SoftBank Corp. offering, the parent company has offloaded $13.7 billion of Alibaba Group Holding Ltd. stock and a stake in T-Mobile US Inc. for about $20 billion. Son has also said that he is looking to sell or take public Arm Ltd., the chip design firm that he bought four years ago for $32 billion, and Bloomberg reported in August that Nvidia Corp. is in advanced talks to acquire the business.With all the money coming in, Son unveiled a new asset management arm that would invest in public securities. SoftBank Group later disclosed about $3.9 billion of investments into 25 of the world’s largest technology companies including Amazon.com Inc., Tesla Inc., Netflix Inc. and Alphabet Inc. It did not disclose details of its derivative stakes.SoftBank said it is expanding its cash reserves beyond the asset sales already announced “to ensure flexible options to respond to changes in the market environment.” The company cited “the ongoing uncertainty in the market environment due to concerns about a potential second or even third wave of COVID-19.”(Updates with share recovery in third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.