OLD Mission Capital LLC Reduces Holdings in Mizuho Financial Group, Inc. $MFG

Key Points

• OLD Mission Capital LLC reduced its holdings in Mizuho Financial Group by 85.7% in the first quarter, now owning 16,666 shares after selling 99,899 shares.
• Other institutional investors like Lazard Asset Management and Bank of America have increased their stakes in Mizuho Financial Group, with Lazard lifting its position by 54.7%.
• Mizuho Financial Group reported $0.15 EPS for the recent quarter, matching analysts' estimates, with total revenue of $5.13 billion compared to a consensus estimate of $5.42 billion.

OLD Mission Capital LLC decreased its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 85.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 16,666 shares of the bank's stock after selling 99,899 shares during the period. OLD Mission Capital LLC's holdings in Mizuho Financial Group were worth $92,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MFG. Lazard Asset Management LLC grew its stake in Mizuho Financial Group by 54.7% in the 4th quarter. Lazard Asset Management LLC now owns 23,558,714 shares of the bank's stock worth $115,201,000 after acquiring an additional 8,329,657 shares during the period. Northern Trust Corp grew its stake in Mizuho Financial Group by 86.1% in the 4th quarter. Northern Trust Corp now owns 9,743,983 shares of the bank's stock worth $47,648,000 after acquiring an additional 4,508,649 shares during the period. Bank of America Corp DE grew its stake in Mizuho Financial Group by 18.0% in the 4th 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. Millennium Management LLC grew its stake in Mizuho Financial Group by 129.2% in the 4th quarter. Millennium Management LLC now owns 1,620,882 shares of the bank's stock worth $7,926,000 after acquiring an additional 913,639 shares during the period. Finally, Allianz SE purchased a new stake in Mizuho Financial Group in the 1st quarter worth approximately $3,251,000. 3.26% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Trading Up 2.4%

MFG traded up $0.16 during trading on Monday, hitting $6.67. 1,511,328 shares of the company's stock were exchanged, compared to its average volume of 1,867,872. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.21. Mizuho Financial Group, Inc. has a 1 year low of $3.91 and a 1 year high of $6.79. The stock has a 50 day moving average price of $6.09 and a 200 day moving average price of $5.59. The firm has a market cap of $83.96 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 0.80 and a beta of 0.37.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The bank reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. Mizuho Financial Group had a net margin of 10.16% and a return on equity of 8.48%. The company had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.42 billion. As a group, analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

Analysts Set New Price Targets

MFG has been the subject of several recent analyst reports. Zacks Research cut shares of Mizuho Financial Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 25th. Wall Street Zen raised shares of Mizuho Financial Group from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Mizuho Financial Group presently has an average rating of "Hold".

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.