Lazard Asset Management LLC Raises Stock Holdings in Mizuho Financial Group, Inc. (NYSE:MFG)

Lazard Asset Management LLC grew its position in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 54.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,558,714 shares of the bank's stock after purchasing an additional 8,329,657 shares during the quarter. Lazard Asset Management LLC owned approximately 0.19% of Mizuho Financial Group worth $115,201,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Mizuho Financial Group during the third quarter worth $25,000. Spire Wealth Management boosted its stake in Mizuho Financial Group by 377.8% during the fourth quarter. Spire Wealth Management now owns 5,504 shares of the bank's stock worth $27,000 after acquiring an additional 4,352 shares in the last quarter. Bessemer Group Inc. boosted its stake in Mizuho Financial Group by 51.5% during the fourth quarter. Bessemer Group Inc. now owns 6,430 shares of the bank's stock worth $31,000 after acquiring an additional 2,187 shares in the last quarter. CogentBlue Wealth Advisors LLC bought a new position in Mizuho Financial Group during the fourth quarter worth $50,000. Finally, Seeds Investor LLC bought a new position in Mizuho Financial Group during the fourth quarter worth $52,000. 3.26% of the stock is owned by institutional investors.

Mizuho Financial Group Stock Down 2.4%

MFG traded down $0.13 during trading on Friday, hitting $5.13. 2,547,953 shares of the company's stock were exchanged, compared to its average volume of 1,845,979. 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 business's 50 day moving average is $5.14 and its two-hundred day moving average is $5.13. Mizuho Financial Group, Inc. has a fifty-two week low of $3.45 and a fifty-two week high of $6.08. The stock has a market cap of $64.56 billion, a P/E ratio of 12.81, a PEG ratio of 0.76 and a beta of 0.38.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last announced its earnings results on Thursday, May 15th. The bank reported $0.03 EPS for the quarter. The company had revenue of $12.84 billion during the quarter. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. As a group, equities analysts expect 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.