WINTON GROUP Ltd Has $2.19 Million Stock Position in Mizuho Financial Group, Inc. $MFG

Key Points

• WINTON GROUP Ltd increased its Mizuho Financial Group stake by 787.6% in the second quarter, acquiring 203,200 additional shares for a total position worth approximately $2.19 million.
• Other major investors, including Natixis Advisors, Morgan Stanley, Goldman Sachs and Quantinno Capital Management, also expanded their holdings; institutional investors collectively own 3.26% of Mizuho’s stock.
• Mizuho reported quarterly EPS of $0.22, exceeding the $0.17 consensus estimate, while revenue reached $8.55 billion. Analysts maintain a “Strong Buy” consensus, and the stock recently traded near its 52-week high.

WINTON GROUP Ltd boosted its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 787.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 229,000 shares of the bank's stock after purchasing an additional 203,200 shares during the period. WINTON GROUP Ltd's holdings in Mizuho Financial Group were worth $2,194,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MFG. Natixis Advisors LLC raised its stake in shares of Mizuho Financial Group by 590.7% during the 4th quarter. Natixis Advisors LLC now owns 16,560,891 shares of the bank's stock worth $121,226,000 after purchasing an additional 14,163,328 shares in the last quarter. Morgan Stanley grew its stake in shares of Mizuho Financial Group by 5.7% in the fourth quarter. Morgan Stanley now owns 59,084,500 shares of the bank's stock valued at $432,499,000 after buying an additional 3,166,984 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Mizuho Financial Group by 11.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 16,266,878 shares of the bank's stock worth $119,074,000 after buying an additional 1,716,932 shares during the last quarter. Quantinno Capital Management LP increased its holdings in 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 worth $23,081,000 after buying an additional 1,076,717 shares during the last quarter. Finally, WCM Investment Management LLC bought a new stake in Mizuho Financial Group during the first quarter worth $7,014,000. 3.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Mizuho Financial Group Stock Performance

NYSE MFG opened at $11.46 on Friday. The stock has a market cap of $141.48 billion, a PE ratio of 13.97, a P/E/G ratio of 0.88 and a beta of 0.46. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a 50-day moving average of $10.56 and a 200-day moving average of $9.40. Mizuho Financial Group, Inc. has a 52-week low of $6.09 and a 52-week high of $11.49.

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 analysts' consensus estimates of $0.17 by $0.05. The business had revenue of $8.55 billion for the quarter, compared to analyst estimates of $5.51 billion. Mizuho Financial Group had a net margin of 17.15% and a return on equity of 12.82%. On average, sell-side analysts anticipate that Mizuho Financial Group, Inc. will post 0.73 EPS for the current year.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc is a Japan-based financial services group headquartered in Tokyo. Established in 2003 through the integration of Dai-Ichi Kangyo Bank, Fuji Bank and Industrial Bank of Japan, the group operates through a range of financial businesses serving individuals, companies, financial institutions and public-sector organizations.

Its principal activities include commercial and investment banking, trust banking, securities services, asset management, leasing, research and consulting.

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