Cresset Asset Management LLC Trims Position in Mizuho Financial Group, Inc. (NYSE:MFG)

Cresset Asset Management LLC lessened its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 93.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,096 shares of the bank's stock after selling 183,346 shares during the period. Cresset Asset Management LLC's holdings in Mizuho Financial Group were worth $59,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Mizuho Financial Group by 90.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 191,434 shares of the bank's stock worth $800,000 after buying an additional 90,984 shares during the last quarter. Park Avenue Securities LLC grew its stake in Mizuho Financial Group by 85.8% during the 4th quarter. Park Avenue Securities LLC now owns 82,692 shares of the bank's stock worth $404,000 after buying an additional 38,197 shares during the last quarter. Ritholtz Wealth Management grew its stake in Mizuho Financial Group by 10.4% during the 4th quarter. Ritholtz Wealth Management now owns 128,395 shares of the bank's stock worth $628,000 after buying an additional 12,068 shares during the last quarter. Merit Financial Group LLC purchased a new position in Mizuho Financial Group during the 4th quarter worth approximately $176,000. Finally, Riversedge Advisors LLC grew its stake in Mizuho Financial Group by 45.9% during the 4th quarter. Riversedge Advisors LLC now owns 15,078 shares of the bank's stock worth $74,000 after buying an additional 4,747 shares during the last quarter. Institutional investors and hedge funds own 3.26% of the company's stock.

Mizuho Financial Group Stock Performance

NYSE:MFG traded down $0.09 during mid-day trading on Thursday, reaching $5.39. 3,880,834 shares of the stock were exchanged, compared to its average volume of 1,891,601. The company has a 50 day simple moving average of $5.12 and a 200-day simple moving average of $5.16. The stock has a market capitalization of $67.83 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.76 and a beta of 0.38. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.39. Mizuho Financial Group, Inc. has a 1 year low of $3.45 and a 1 year high of $6.08.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The bank reported $0.03 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.03. The firm had revenue of $12.84 billion for the quarter, compared to the consensus estimate of $5.38 billion. Mizuho Financial Group had a return on equity of 8.56% and a net margin of 7.85%. Analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 earnings per share 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.