US Bancorp DE Increases Holdings in Mizuho Financial Group, Inc. (NYSE:MFG)

Key Points

• US Bancorp DE increased its stake in Mizuho Financial Group by 8.7% during the first quarter, now holding 778,316 shares valued at approximately $4.29 million.
• Mizuho Financial Group's stock price rose 1.8% to $6.09, with a market cap of $76.65 billion and a price-to-earnings ratio of 12.68.
• Wall Street Zen upgraded Mizuho Financial Group from a "sell" rating to a "hold" rating, reflecting improved investor sentiment.

US Bancorp DE raised its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 8.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 778,316 shares of the bank's stock after buying an additional 61,997 shares during the period. US Bancorp DE's holdings in Mizuho Financial Group were worth $4,289,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bessemer Group Inc. boosted its holdings in Mizuho Financial Group by 51.5% in the fourth quarter. Bessemer Group Inc. now owns 6,430 shares of the bank's stock valued at $31,000 after purchasing an additional 2,187 shares during the period. Allworth Financial LP raised its stake in Mizuho Financial Group by 81.8% in the first 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 in the last quarter. International Private Wealth Advisors LLC acquired a new stake in Mizuho Financial Group in the first quarter valued at $55,000. BIP Alliance LLC acquired a new stake in Mizuho Financial Group in the fourth quarter valued at $51,000. Finally, Seeds Investor LLC acquired a new stake in Mizuho Financial Group in the fourth quarter valued at $52,000. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Mizuho Financial Group Stock Up 1.8%

Mizuho Financial Group stock traded up $0.11 during midday trading on Friday, reaching $6.25. The company's stock had a trading volume of 1,508,589 shares, compared to its average volume of 3,824,566. Mizuho Financial Group, Inc. has a fifty-two week low of $3.78 and a fifty-two week high of $6.26. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.21. The company has a market cap of $78.73 billion, a P/E ratio of 13.02, a P/E/G ratio of 0.82 and a beta of 0.39. The business has a 50-day simple moving average of $5.66 and a 200-day simple moving average of $5.44.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Mizuho Financial Group from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd.

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.