Mizuho Financial Group, Inc. $MFG Shares Purchased by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised its stake in Mizuho Financial Group by 65.4% in Q3, adding 442,930 shares to hold 1,120,375 shares worth about $7.51 million.
• Mizuho shares recently traded near $7.64 with a market cap of roughly $94.9 billion and a P/E of 13.39, and the bank reported $0.16 EPS for the quarter, beating estimates by $0.02 while reporting $2.04 billion in revenue versus analysts' $5.58 billion estimate.
• Other institutional activity included Tudor Investment nearly doubling its stake (+99.8%) and CIBC holding about 7.8 million shares (~$52.24M); overall institutional investors own approximately 3.26% of the company.

JPMorgan Chase & Co. raised its stake in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 65.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,120,375 shares of the bank's stock after purchasing an additional 442,930 shares during the period. JPMorgan Chase & Co.'s holdings in Mizuho Financial Group were worth $7,507,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL boosted its holdings in shares of Mizuho Financial Group by 99.8% in the 3rd quarter. Tudor Investment Corp ET AL now owns 666,610 shares of the bank's stock valued at $4,466,000 after buying an additional 333,046 shares in the last quarter. CTC Alternative Strategies Ltd. purchased a new position in shares of Mizuho Financial Group in the 3rd quarter valued at $405,000. Allworth Financial LP raised its stake in Mizuho Financial Group by 29.2% during the 3rd quarter. Allworth Financial LP now owns 9,936 shares of the bank's stock worth $67,000 after acquiring an additional 2,243 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in Mizuho Financial Group by 5.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 7,797,023 shares of the bank's stock worth $52,240,000 after acquiring an additional 376,677 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in Mizuho Financial Group in the third quarter valued at $52,058,000. Institutional investors and hedge funds own 3.26% of the company's stock.

Mizuho Financial Group Price Performance

Shares of NYSE MFG opened at $7.64 on Tuesday. The stock has a market cap of $94.88 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.60 and a beta of 0.36. Mizuho Financial Group, Inc. has a twelve month low of $4.04 and a twelve month high of $10.28. The stock has a 50 day moving average of $8.61 and a two-hundred day moving average of $7.56. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.72.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Mizuho Financial Group from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

About Mizuho Financial Group

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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