Mizuho Financial Group, Inc. $MFG Shares Bought by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp nearly doubled its stake in Mizuho in Q3, buying 333,046 shares to hold 666,610 shares valued at about $4.47 million.
• Mizuho beat quarterly EPS estimates ($0.16 vs. $0.14) and the stock trades around $8.61 with a market capitalization of $106.9 billion and a P/E of 15.1.
• Analyst and institutional activity: Weiss Ratings downgraded Mizuho from "buy (a-)" to "buy (b+)" while MarketBeat's consensus is "Moderate Buy," and other institutions (e.g., CIBC Private Wealth, CIBC Bancorp USA) also added or opened positions, with institutional/hedge-fund ownership reported at 3.26%.

Tudor Investment Corp ET AL raised its position in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 99.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 666,610 shares of the bank's stock after purchasing an additional 333,046 shares during the quarter. Tudor Investment Corp ET AL's holdings in Mizuho Financial Group were worth $4,466,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. CTC Alternative Strategies Ltd. acquired a new position in Mizuho Financial Group in the 3rd quarter valued at about $405,000. Allworth Financial LP lifted its stake in shares of Mizuho Financial Group by 29.2% in the 3rd quarter. Allworth Financial LP now owns 9,936 shares of the bank's stock valued at $67,000 after purchasing an additional 2,243 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Mizuho Financial Group by 5.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 7,797,023 shares of the bank's stock valued at $52,240,000 after purchasing an additional 376,677 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Mizuho Financial Group in the 3rd quarter valued at $52,058,000. Finally, NewEdge Advisors LLC lifted its stake in shares of Mizuho Financial Group by 18,051.6% in the 3rd quarter. NewEdge Advisors LLC now owns 11,254 shares of the bank's stock valued at $75,000 after purchasing an additional 11,192 shares during the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Mizuho Financial Group from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Mizuho Financial Group Price Performance

MFG stock opened at $8.61 on Friday. The firm has a market capitalization of $106.94 billion, a P/E ratio of 15.10, a P/E/G ratio of 0.62 and a beta of 0.42. The business's 50-day moving average is $8.57 and its two-hundred day moving average is $7.64. Mizuho Financial Group, Inc. has a 1 year low of $4.39 and a 1 year high of $10.28.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last posted its quarterly earnings results on Monday, February 2nd. The bank reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $5.58 billion. Mizuho Financial Group had a return on equity of 9.23% and a net margin of 12.31%. On average, analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Mizuho Financial Group Profile

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.

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