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

QRG Capital Management Inc. cut its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 24.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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.

Other large investors have also recently modified their holdings of the company. Bessemer Group Inc. raised its holdings in shares of Mizuho Financial Group by 51.5% during the 4th quarter. Bessemer Group Inc. now owns 6,430 shares of the bank's stock worth $31,000 after buying an additional 2,187 shares in the last quarter. BIP Alliance LLC acquired a new position in Mizuho Financial Group during the fourth quarter worth about $51,000. Seeds Investor LLC acquired a new position in Mizuho Financial Group during the fourth quarter worth about $52,000. Moors & Cabot Inc. bought a new position in shares of Mizuho Financial Group in the fourth quarter worth about $55,000. Finally, International Private Wealth Advisors LLC acquired a new stake in shares of Mizuho Financial Group in the 1st quarter valued at approximately $55,000. Institutional investors and hedge funds own 3.26% of the company's stock.

Mizuho Financial Group Price Performance

MFG stock traded up $0.19 during trading on Tuesday, reaching $5.61. 2,111,167 shares of the company were exchanged, compared to its average volume of 2,053,053. The company has a market capitalization of $70.60 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 0.68 and a beta of 0.40. The company has a 50-day moving average of $5.24 and a two-hundred day moving average of $5.27. Mizuho Financial Group, Inc. has a twelve month low of $3.45 and a twelve month high of $6.08.

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