Voloridge Investment Management LLC Acquires New Holdings in Mizuho Financial Group, Inc. (NYSE:MFG)

Voloridge Investment Management LLC purchased a new stake in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 54,675 shares of the bank's stock, valued at approximately $267,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in Mizuho Financial Group by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 831,018 shares of the bank's stock valued at $4,064,000 after purchasing an additional 144,353 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Mizuho Financial Group by 20.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 952,107 shares of the bank's stock valued at $4,656,000 after buying an additional 158,478 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Mizuho Financial Group by 48.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 624,582 shares of the bank's stock valued at $3,054,000 after buying an additional 202,958 shares in the last quarter. 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. Finally, XY Capital Ltd purchased a new stake in Mizuho Financial Group in the 4th quarter worth about $575,000. Institutional investors and hedge funds own 3.26% of the company's stock.

Mizuho Financial Group Stock Up 1.3%

NYSE MFG traded up $0.07 during trading on Friday, reaching $5.56. 3,000,181 shares of the company's stock were exchanged, compared to its average volume of 1,966,804. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39. Mizuho Financial Group, Inc. has a fifty-two week low of $3.45 and a fifty-two week high of $6.08. The company's fifty day simple moving average is $5.07 and its 200-day simple moving average is $5.20. The firm has a market capitalization of $70.04 billion, a PE ratio of 13.90, a P/E/G ratio of 0.76 and a beta of 0.38.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.03. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. The business had revenue of $12.84 billion during the quarter, compared to analyst estimates of $5.38 billion. Sell-side analysts predict 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.