TD Waterhouse Canada Inc. Purchases 436,860 Shares of Mizuho Financial Group, Inc. $MFG

Key Points

• TD Waterhouse Canada significantly increased its Mizuho Financial Group stake by purchasing 436,860 shares in the second quarter, bringing its holdings to 439,047 shares valued at approximately $4.3 million.
• Mizuho reported quarterly EPS of $0.22, exceeding the $0.17 consensus estimate, while revenue reached $8.55 billion versus expectations of $5.51 billion. Analysts forecast full-year EPS of $0.73.
• MFG shares opened at $11.22, near their 12-month high of $11.33, and Weiss Ratings upgraded the stock to “buy (a-),” with the shares carrying an overall “Strong Buy” rating.

TD Waterhouse Canada Inc. boosted its position in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 19,975.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 439,047 shares of the bank's stock after buying an additional 436,860 shares during the period. TD Waterhouse Canada Inc.'s holdings in Mizuho Financial Group were worth $4,309,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Quantinno Capital Management LP raised its holdings in shares of Mizuho Financial Group by 58.8% during the first quarter. Quantinno Capital Management LP now owns 2,906,954 shares of the bank's stock valued at $23,081,000 after purchasing an additional 1,076,717 shares during the period. XY Capital Ltd bought a new position in shares of Mizuho Financial Group in the first quarter valued at approximately $2,898,000. Lido Advisors LLC boosted its holdings in Mizuho Financial Group by 435.8% during the 1st quarter. Lido Advisors LLC now owns 226,552 shares of the bank's stock worth $1,799,000 after acquiring an additional 184,271 shares during the last quarter. WCM Investment Management LLC purchased a new position in Mizuho Financial Group during the first quarter worth about $7,014,000. Finally, Assetmark Inc. boosted its stake in shares of Mizuho Financial Group by 63.6% in the 1st quarter. Assetmark Inc. now owns 303,778 shares of the bank's stock worth $2,412,000 after buying an additional 118,129 shares during the last quarter. 3.26% of the stock is owned by institutional investors and hedge funds.

Mizuho Financial Group Stock Down 0.1%

MFG stock opened at $11.22 on Monday. The stock has a 50-day simple moving average of $10.42 and a two-hundred day simple moving average of $9.34. The firm has a market capitalization of $138.58 billion, a PE ratio of 13.68, a PEG ratio of 0.90 and a beta of 0.46. Mizuho Financial Group, Inc. has a twelve month low of $6.09 and a twelve month high of $11.33. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.53.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $0.22 EPS for the quarter, beating the consensus estimate of $0.17 by $0.05. The firm had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $5.51 billion. Mizuho Financial Group had a net margin of 17.15% and a return on equity of 12.82%. On average, equities analysts predict that Mizuho Financial Group, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Mizuho Financial Group from a "buy (b+)" rating to a "buy (a-)" rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Strong Buy".

About Mizuho Financial Group

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.

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