American Century Companies Inc. Acquires 95,035 Shares of Mizuho Financial Group, Inc. $MFG

Key Points

• American Century Companies Inc. increased its stake in Mizuho Financial Group by 3.5%, owning 2,845,350 shares valued at approximately $15.68 million as of the latest filing.
• Other institutional investors, including Lazard Asset Management and Northern Trust Corp, have significantly boosted their positions in Mizuho Financial Group during the last quarter.
• Mizuho Financial Group reported earnings of $0.15 per share and a revenue of $5.13 billion, matching analysts' profit expectations but falling short on revenue projections.

American Century Companies Inc. increased its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,845,350 shares of the bank's stock after purchasing an additional 95,035 shares during the period. American Century Companies Inc.'s holdings in Mizuho Financial Group were worth $15,678,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP grew its stake in shares of Mizuho Financial Group by 81.8% during the 1st quarter. Allworth Financial LP now owns 6,611 shares of the bank's stock worth $36,000 after acquiring an additional 2,975 shares in the last quarter. International Private Wealth Advisors LLC bought a new position in Mizuho Financial Group in the first quarter valued at $55,000. BIP Alliance LLC acquired a new stake in Mizuho Financial Group in the 4th quarter valued at $51,000. Brighton Jones LLC increased its stake in Mizuho Financial Group by 19.3% in the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank's stock valued at $60,000 after buying an additional 1,998 shares during the last quarter. Finally, Foster Group Inc. acquired a new stake in Mizuho Financial Group in the 1st quarter valued at $69,000. Institutional investors and hedge funds own 3.26% of the company's stock.

Mizuho Financial Group Price Performance

Shares of MFG stock traded up $0.12 on Thursday, hitting $6.68. 1,706,698 shares of the company's stock were exchanged, compared to its average volume of 2,767,629. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.96 and a quick ratio of 0.96. Mizuho Financial Group, Inc. has a 12 month low of $3.91 and a 12 month high of $6.79. The stock has a market cap of $84.08 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 0.88 and a beta of 0.39. The company has a 50 day moving average of $5.92 and a 200 day moving average of $5.54.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The bank reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. Mizuho Financial Group had a return on equity of 8.48% and a net margin of 10.16%.The business had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.42 billion. On average, equities research analysts predict that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Zacks Research lowered Mizuho Financial Group from a "strong-buy" rating to a "hold" rating in a research report on Monday. Wall Street Zen upgraded Mizuho Financial Group from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold".

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.