Tudor Investment Corp ET AL Grows Stock Holdings in Mizuho Financial Group, Inc. $MFG

Key Points

• Tudor Investment Corp nearly doubled its stake in Mizuho in Q3, adding 333,046 shares to reach 666,610 shares valued at about $4.47 million at quarter-end.
• Other large institutions also added or initiated positions — including a new ~$52.1M stake by CIBC Bancorp USA, American Century up 33.6% to 3.82M shares, and JPMorgan up 65.4% to 1.12M shares — indicating growing institutional interest.
• Mizuho (NYSE:MFG) trades near $7.97 with a market cap of roughly $99B, P/E ~13.97 and a one-year range of $4.04–$10.28, and carries a consensus "Moderate Buy" rating after a Weiss Ratings downgrade.

Tudor Investment Corp ET AL grew its stake in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 99.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 666,610 shares of the bank's stock after acquiring an additional 333,046 shares during the period. Tudor Investment Corp ET AL's holdings in Mizuho Financial Group were worth $4,466,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CIBC Bancorp USA Inc. purchased a new position in Mizuho Financial Group during the 3rd quarter worth $52,058,000. Ramirez Asset Management Inc. purchased a new stake in shares of Mizuho Financial Group in the 3rd quarter worth $7,251,000. American Century Companies Inc. lifted its holdings in shares of Mizuho Financial Group by 33.6% in the 3rd quarter. American Century Companies Inc. now owns 3,821,302 shares of the bank's stock worth $25,603,000 after buying an additional 961,303 shares during the period. Marshall Wace LLP bought a new position in shares of Mizuho Financial Group during the 2nd quarter worth $3,035,000. Finally, JPMorgan Chase & Co. grew its position in shares of Mizuho Financial Group by 65.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,120,375 shares of the bank's stock worth $7,507,000 after buying an additional 442,930 shares in the last quarter. 3.26% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Stock Performance

MFG stock opened at $7.97 on Thursday. Mizuho Financial Group, Inc. has a one year low of $4.04 and a one year high of $10.28. The firm has a market cap of $98.99 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 0.61 and a beta of 0.36. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.96 and a current ratio of 0.97. The firm has a 50-day simple moving average of $8.66 and a two-hundred day simple moving average of $7.53.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last posted its quarterly earnings data on Monday, February 2nd. The bank reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Mizuho Financial Group had a net margin of 12.31% and a return on equity of 9.23%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $5.58 billion. On average, equities analysts forecast that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Mizuho Financial Group from a "buy (a-)" rating to a "buy (b+)" rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate 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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