OLD Mission Capital LLC Sells 99,899 Shares of 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 cut its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 85.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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.

Other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group raised its stake in Mizuho Financial Group by 166.3% during the 1st quarter. Brooklyn Investment Group now owns 5,499 shares of the bank's stock valued at $30,000 after buying an additional 3,434 shares during the last quarter. Allworth Financial LP raised its stake in Mizuho Financial Group by 81.8% during the 1st quarter. Allworth Financial LP now owns 6,611 shares of the bank's stock valued at $36,000 after buying an additional 2,975 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Mizuho Financial Group during the 1st quarter valued at $42,000. International Private Wealth Advisors LLC purchased a new stake in Mizuho Financial Group during the 1st quarter valued at $55,000. Finally, BIP Alliance LLC purchased a new stake in Mizuho Financial Group during the 4th quarter valued at $51,000. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MFG shares. Wall Street Zen upgraded shares of Mizuho Financial Group from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. 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. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Mizuho Financial Group currently has a consensus rating of "Hold".

Mizuho Financial Group Price Performance

Mizuho Financial Group stock traded down $0.08 during mid-day trading on Thursday, hitting $6.63. The stock had a trading volume of 1,593,794 shares, compared to its average volume of 1,960,070. The firm has a market capitalization of $83.51 billion, a P/E ratio of 13.81, a P/E/G ratio of 0.82 and a beta of 0.37. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.21. The firm's 50 day moving average is $6.15 and its 200 day moving average is $5.61. Mizuho Financial Group, Inc. has a one year low of $3.92 and a one year high of $6.79.

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

Mizuho Financial Group 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.