Cetera Investment Advisers Increases Position in Mizuho Financial Group, Inc. (NYSE:MFG)

Cetera Investment Advisers grew its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 114.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,638 shares of the bank's stock after purchasing an additional 52,621 shares during the period. Cetera Investment Advisers' holdings in Mizuho Financial Group were worth $482,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Northern Trust Corp lifted its holdings in Mizuho Financial Group by 86.1% during the 4th quarter. Northern Trust Corp now owns 9,743,983 shares of the bank's stock worth $47,648,000 after buying an additional 4,508,649 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Mizuho Financial Group by 18.0% in the fourth quarter. Bank of America Corp DE now owns 16,121,663 shares of the bank's stock valued at $78,835,000 after acquiring an additional 2,454,233 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Mizuho Financial Group in the fourth quarter valued at $5,951,000. Wells Fargo & Company MN grew its stake in Mizuho Financial Group by 48.5% during the 4th quarter. Wells Fargo & Company MN now owns 3,038,291 shares of the bank's stock worth $14,857,000 after purchasing an additional 992,900 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Mizuho Financial Group by 16.5% during the 4th quarter. Renaissance Technologies LLC now owns 3,020,703 shares of the bank's stock worth $14,771,000 after purchasing an additional 427,400 shares during the period. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Mizuho Financial Group Stock Up 1.3%

Shares of MFG stock traded up $0.07 during trading hours on Friday, reaching $5.56. 3,000,181 shares of the stock were exchanged, compared to its average volume of 1,966,804. The business's fifty day moving average is $5.07 and its two-hundred day moving average is $5.21. The firm has a market capitalization of $70.04 billion, a P/E ratio of 13.90, a P/E/G ratio of 0.76 and a beta of 0.38. Mizuho Financial Group, Inc. has a 12-month low of $3.45 and a 12-month high of $6.08. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.96.

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