Northern Trust Corp Acquires 4,508,649 Shares of Mizuho Financial Group, Inc. (NYSE:MFG)

Northern Trust Corp lifted its stake in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 86.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,743,983 shares of the bank's stock after acquiring an additional 4,508,649 shares during the quarter. Northern Trust Corp owned 0.08% of Mizuho Financial Group worth $47,648,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in Mizuho Financial Group by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 831,018 shares of the bank's stock worth $4,064,000 after acquiring an additional 144,353 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Mizuho Financial Group by 20.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 952,107 shares of the bank's stock valued at $4,656,000 after acquiring an additional 158,478 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in Mizuho Financial Group by 48.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 624,582 shares of the bank's stock worth $3,054,000 after purchasing an additional 202,958 shares during the period. XY Capital Ltd purchased a new stake in shares of Mizuho Financial Group during the 4th quarter valued at about $575,000. Finally, Aviso Financial Inc. purchased a new position in shares of Mizuho Financial Group during the 4th quarter valued at approximately $617,000. Hedge funds and other institutional investors own 3.26% of the company's stock.

Mizuho Financial Group Stock Performance

NYSE MFG traded up $0.11 during trading hours on Friday, reaching $5.08. The company's stock had a trading volume of 2,736,737 shares, compared to its average volume of 1,808,125. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39. The business has a 50-day simple moving average of $5.18 and a 200 day simple moving average of $5.10. The stock has a market cap of $63.99 billion, a PE ratio of 12.70, a PEG ratio of 0.76 and a beta of 0.38. Mizuho Financial Group, Inc. has a 52 week low of $3.45 and a 52 week high of $6.08.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The bank reported $0.15 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%. Equities research analysts predict that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current fiscal year.

Mizuho Financial Group Company 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.