Point72 Asset Management L.P. Sells 267,000 Shares of Mizuho Financial Group, Inc. (NYSE:MFG)

Point72 Asset Management L.P. decreased its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 46.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 303,800 shares of the bank's stock after selling 267,000 shares during the period. Point72 Asset Management L.P.'s holdings in Mizuho Financial Group were worth $1,486,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MFG. Lazard Asset Management LLC lifted its position in Mizuho Financial Group by 54.7% during the fourth quarter. Lazard Asset Management LLC now owns 23,558,714 shares of the bank's stock valued at $115,201,000 after purchasing an additional 8,329,657 shares during the period. Northern Trust Corp lifted its position in Mizuho Financial Group by 86.1% during the fourth quarter. Northern Trust Corp now owns 9,743,983 shares of the bank's stock valued at $47,648,000 after purchasing an additional 4,508,649 shares during the period. Bank of America Corp DE raised its position in 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 worth $78,835,000 after acquiring an additional 2,454,233 shares during the period. Raymond James Financial Inc. bought a new position in Mizuho Financial Group in the fourth quarter worth approximately $5,951,000. Finally, Wells Fargo & Company MN raised its position in Mizuho Financial Group by 48.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,038,291 shares of the bank's stock worth $14,857,000 after acquiring an additional 992,900 shares during the period. Institutional investors own 3.26% of the company's stock.

Mizuho Financial Group Stock Performance

MFG traded up $0.23 during trading on Tuesday, hitting $5.65. The company's stock had a trading volume of 2,596,273 shares, compared to its average volume of 1,910,172. 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 one year low of $3.45 and a one year high of $6.08. The firm has a market cap of $71.11 billion, a PE ratio of 14.11, a P/E/G ratio of 0.76 and a beta of 0.38. The business's 50 day simple moving average is $5.09 and its 200-day simple moving average is $5.18.

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 for the quarter, hitting the consensus estimate of $0.03. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. The business had revenue of $12.84 billion for the quarter, compared to the consensus estimate of $5.38 billion. As a group, sell-side analysts predict that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

Mizuho Financial Group Company 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.