Mizuho Financial Group, Inc. (NYSE:MFG) Short Interest Update

Key Points

• Short interest jumped 83.3% to 4,284,129 shares as of March 13, leaving a short-interest ratio of 0.8 days.
• Institutional ownership is low at 3.26%, though several funds modestly increased their stakes in recent quarters.
• Mizuho trades with a market cap of $96.5B and a P/E of 13.62; the latest quarter showed an EPS beat ($0.16 vs. $0.14) but a large revenue miss, and analysts’ consensus is a Moderate Buy.

Mizuho Financial Group, Inc. (NYSE:MFG - Get Free Report) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 4,284,129 shares, a growth of 83.3% from the February 26th total of 2,337,580 shares. Based on an average daily volume of 5,553,947 shares, the short-interest ratio is currently 0.8 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Mizuho Financial Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Riversedge Advisors LLC lifted its holdings in shares of Mizuho Financial Group by 6.4% in the fourth quarter. Riversedge Advisors LLC now owns 21,151 shares of the bank's stock worth $155,000 after acquiring an additional 1,279 shares during the last quarter. State Street Corp lifted its stake in Mizuho Financial Group by 6.5% in the 4th quarter. State Street Corp now owns 22,640 shares of the bank's stock valued at $166,000 after purchasing an additional 1,380 shares during the last quarter. Calydon Capital boosted its position in Mizuho Financial Group by 6.2% in the fourth quarter. Calydon Capital now owns 26,543 shares of the bank's stock valued at $194,000 after buying an additional 1,555 shares in the last quarter. Hilltop Holdings Inc. lifted its stake in shares of Mizuho Financial Group by 8.5% in the 3rd quarter. Hilltop Holdings Inc. now owns 20,052 shares of the bank's stock valued at $134,000 after acquiring an additional 1,568 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its holdings in shares of Mizuho Financial Group by 1.5% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 107,860 shares of the bank's stock valued at $723,000 after acquiring an additional 1,569 shares in the last quarter. 3.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Mizuho Financial Group from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Mizuho Financial Group Stock Performance

NYSE:MFG opened at $7.77 on Friday. The company has a market cap of $96.50 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.62 and a beta of 0.36. Mizuho Financial Group has a fifty-two week low of $4.04 and a fifty-two week high of $10.28. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a fifty day moving average price of $8.65 and a 200-day moving average price of $7.53.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last issued its quarterly earnings results on Monday, February 2nd. The bank reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $5.58 billion. Mizuho Financial Group had a return on equity of 9.23% and a net margin of 12.31%. As a group, equities analysts anticipate that Mizuho Financial Group will post 0.42 EPS for the current fiscal year.

About Mizuho Financial Group

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.