Mizuho Financial Group, Inc. $MFG Shares Bought by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its stake in Mizuho Financial Group by 153.1% during the 2nd quarter, owning 371,418 shares valued at $2,065,000 after acquiring an additional 224,675 shares.
• Several institutional investors, including Allianz SE and Cerity Partners LLC, have also significantly boosted their holdings in Mizuho Financial Group during the first quarter.
• Mizuho Financial Group's latest earnings report revealed an EPS of $0.15, matching consensus estimates, but reported revenue of $5.13 billion, which was below analyst expectations of $5.42 billion.

Callan Family Office LLC increased its holdings in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 153.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 371,418 shares of the bank's stock after buying an additional 224,675 shares during the quarter. Callan Family Office LLC's holdings in Mizuho Financial Group were worth $2,065,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MFG. Allianz SE purchased a new stake in Mizuho Financial Group in the 1st quarter worth approximately $3,251,000. Cerity Partners LLC lifted its holdings in Mizuho Financial Group by 89.9% in the 1st quarter. Cerity Partners LLC now owns 1,073,626 shares of the bank's stock valued at $5,916,000 after purchasing an additional 508,286 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Mizuho Financial Group in the 1st quarter worth $2,514,000. GAMMA Investing LLC increased its stake in shares of Mizuho Financial Group by 530.2% in the 1st quarter. GAMMA Investing LLC now owns 372,261 shares of the bank's stock worth $2,051,000 after acquiring an additional 313,191 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Mizuho Financial Group by 2.2% in the 1st quarter. Northern Trust Corp now owns 9,954,056 shares of the bank's stock worth $54,847,000 after acquiring an additional 210,073 shares during the last quarter. Hedge funds and other institutional investors own 3.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MFG. Zacks Research downgraded Mizuho Financial Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 25th. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Mizuho Financial Group in a research report on Wednesday. Finally, Wall Street Zen upgraded Mizuho Financial Group from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Mizuho Financial Group Trading Down 4.4%

MFG opened at $6.10 on Friday. The firm has a market cap of $76.23 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 0.74 and a beta of 0.35. Mizuho Financial Group, Inc. has a 52 week low of $4.04 and a 52 week high of $6.87. The business's 50 day moving average is $6.52 and its two-hundred day moving average is $5.74. 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 released its quarterly earnings results on Thursday, July 31st. The bank reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.42 billion. Mizuho Financial Group had a return on equity of 8.48% and a net margin of 10.16%. On average, research analysts predict that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Mizuho Financial Group 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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