Bank of America Corp DE Has $78.84 Million Stock Position in Mizuho Financial Group, Inc. (NYSE:MFG)

Bank of America Corp DE raised its position in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 18.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,121,663 shares of the bank's stock after acquiring an additional 2,454,233 shares during the quarter. Bank of America Corp DE owned approximately 0.13% of Mizuho Financial Group worth $78,835,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in shares of Mizuho Financial Group by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 831,018 shares of the bank's stock worth $4,064,000 after acquiring an additional 144,353 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Mizuho Financial Group by 20.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 952,107 shares of the bank's stock valued at $4,656,000 after acquiring an additional 158,478 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Mizuho Financial Group by 48.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 624,582 shares of the bank's stock worth $3,054,000 after buying an additional 202,958 shares in the last quarter. XY Capital Ltd acquired a new stake in Mizuho Financial Group in the fourth quarter valued at about $575,000. Finally, Northern Trust Corp grew its holdings in shares of Mizuho Financial Group by 86.1% during the 4th quarter. Northern Trust Corp now owns 9,743,983 shares of the bank's stock valued at $47,648,000 after purchasing an additional 4,508,649 shares during the last quarter. Institutional investors own 3.26% of the company's stock.

Mizuho Financial Group Price Performance

Shares of NYSE MFG traded down $0.13 during mid-day trading on Friday, hitting $5.13. 2,547,953 shares of the stock traded hands, compared to its average volume of 1,843,114. The company has a market cap of $64.56 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 0.76 and a beta of 0.38. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $5.15 and a two-hundred day simple moving average of $5.13. Mizuho Financial Group, Inc. has a twelve month low of $3.45 and a twelve month high of $6.08.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last posted its earnings results on Thursday, May 15th. The bank reported $0.03 earnings per share for the quarter. The firm had revenue of $12.84 billion for the quarter. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. As a group, equities research analysts forecast that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

About Mizuho Financial Group

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.