Forum Financial Management LP Purchases 90,960 Shares of Mizuho Financial Group, Inc. (NYSE:MFG)

Forum Financial Management LP lifted its stake in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 33.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 364,094 shares of the bank's stock after acquiring an additional 90,960 shares during the period. Forum Financial Management LP's holdings in Mizuho Financial Group were worth $1,780,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in Mizuho Financial Group during the 4th quarter valued at about $5,951,000. Wells Fargo & Company MN increased its holdings in Mizuho Financial Group by 48.5% during the 4th quarter. Wells Fargo & Company MN now owns 3,038,291 shares of the bank's stock worth $14,857,000 after acquiring an additional 992,900 shares during the period. Renaissance Technologies LLC lifted its stake in Mizuho Financial Group by 16.5% in the 4th quarter. Renaissance Technologies LLC now owns 3,020,703 shares of the bank's stock worth $14,771,000 after purchasing an additional 427,400 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Mizuho Financial Group by 33.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,543,057 shares of the bank's stock valued at $7,546,000 after purchasing an additional 386,742 shares during the period. Finally, Sanctuary Advisors LLC grew its position in shares of Mizuho Financial Group by 1,077.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 278,847 shares of the bank's stock valued at $1,166,000 after purchasing an additional 255,164 shares in the last quarter. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Mizuho Financial Group Price Performance

Shares of MFG stock traded up $0.09 on Thursday, reaching $4.96. The company's stock had a trading volume of 1,370,738 shares, compared to its average volume of 2,442,163. Mizuho Financial Group, Inc. has a 12-month low of $3.45 and a 12-month high of $6.08. The stock's 50 day simple moving average is $5.36 and its 200-day simple moving average is $5.03. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $62.42 billion, a P/E ratio of 12.39, a PEG ratio of 0.76 and a beta of 0.33.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.05. Mizuho Financial Group had a return on equity of 8.56% and a net margin of 7.85%. As a group, equities analysts predict that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current fiscal year.

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.