QRG Capital Management Inc. Has $1.40 Million Stock Position in Mizuho Financial Group, Inc. (NYSE:MFG)

QRG Capital Management Inc. cut its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 24.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 253,249 shares of the bank's stock after selling 83,515 shares during the period. QRG Capital Management Inc.'s holdings in Mizuho Financial Group were worth $1,395,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MFG. Lazard Asset Management LLC raised its position in shares of 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 worth $115,201,000 after purchasing an additional 8,329,657 shares during the period. Northern Trust Corp raised 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 buying an additional 4,508,649 shares during the period. Bank of America Corp DE raised its position in Mizuho Financial Group by 18.0% during 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 buying an additional 2,454,233 shares during the period. Raymond James Financial Inc. acquired a new position in Mizuho Financial Group during the fourth quarter valued at $5,951,000. Finally, Wells Fargo & Company MN raised its position in Mizuho Financial Group by 48.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,038,291 shares of the bank's stock valued at $14,857,000 after buying an additional 992,900 shares during the period. 3.26% of the stock is owned by institutional investors and hedge funds.

Mizuho Financial Group Stock Performance

NYSE:MFG traded down $0.05 during trading hours on Friday, hitting $5.45. 1,879,215 shares of the company's stock traded hands, compared to its average volume of 2,044,135. The firm has a market cap of $68.59 billion, a P/E ratio of 11.59, a P/E/G ratio of 0.69 and a beta of 0.39. Mizuho Financial Group, Inc. has a twelve month low of $3.45 and a twelve month high of $6.08. The stock's fifty day moving average price is $5.23 and its two-hundred day moving average price is $5.26.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The bank reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The firm had revenue of $12.84 billion for the quarter, compared to analyst estimates of $5.38 billion. Mizuho Financial Group had a return on equity of 10.38% and a net margin of 9.81%. On average, equities research analysts predict that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current 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.