Allianz SE Acquires New Stake in Mizuho Financial Group, Inc. (NYSE:MFG)

Allianz SE bought a new position in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 590,000 shares of the bank's stock, valued at approximately $3,251,000.

Several other hedge funds have also added to or reduced their stakes in MFG. US Bancorp DE grew its holdings in shares of Mizuho Financial Group by 8.7% during the first quarter. US Bancorp DE now owns 778,316 shares of the bank's stock valued at $4,289,000 after buying an additional 61,997 shares during the last quarter. Baldwin Investment Management LLC bought a new position in Mizuho Financial Group in the 1st quarter valued at approximately $159,000. HB Wealth Management LLC boosted its stake in Mizuho Financial Group by 58.3% during the 1st quarter. HB Wealth Management LLC now owns 33,947 shares of the bank's stock valued at $187,000 after purchasing an additional 12,500 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Mizuho Financial Group by 244.3% in the 1st quarter. Assetmark Inc. now owns 51,843 shares of the bank's stock worth $286,000 after purchasing an additional 36,786 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Mizuho Financial Group by 3.4% in the 1st quarter. Cetera Investment Advisers now owns 102,037 shares of the bank's stock worth $562,000 after purchasing an additional 3,399 shares in the last quarter. 3.26% of the stock is owned by institutional investors.

Mizuho Financial Group Stock Performance

Shares of NYSE MFG opened at $5.85 on Monday. The firm's 50-day moving average price is $5.61 and its 200-day moving average price is $5.41. Mizuho Financial Group, Inc. has a 52-week low of $3.45 and a 52-week high of $6.24. The company has a market cap of $73.69 billion, a PE ratio of 12.19, a PEG ratio of 0.78 and a beta of 0.39. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.21.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last issued its earnings results on Thursday, July 31st. The bank reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. Mizuho Financial Group had a net margin of 10.16% and a return on equity of 8.48%. The company had revenue of $5.13 billion for the quarter, compared to analysts' expectations of $5.42 billion. As a group, analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Mizuho Financial Group from a "sell" rating to a "hold" rating in a research report on Sunday.

Mizuho Financial Group Company Profile

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.

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