Augustine Asset Management Inc. Acquires New Stake in Mizuho Financial Group, Inc. (NYSE:MFG)

Augustine Asset Management Inc. acquired a new position in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 458,061 shares of the bank's stock, valued at approximately $1,576,000. Mizuho Financial Group accounts for approximately 0.7% of Augustine Asset Management Inc.'s investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MFG. Advisor Group Holdings Inc. increased its position in Mizuho Financial Group by 37.1% in the first quarter. Advisor Group Holdings Inc. now owns 26,174 shares of the bank's stock worth $67,000 after purchasing an additional 7,076 shares during the period. JPMorgan Chase & Co. boosted its holdings in Mizuho Financial Group by 50.8% during the first quarter. JPMorgan Chase & Co. now owns 29,691 shares of the bank's stock worth $75,000 after buying an additional 10,008 shares during the last quarter. Raymond James & Associates boosted its holdings in Mizuho Financial Group by 236.2% during the first quarter. Raymond James & Associates now owns 187,439 shares of the bank's stock worth $482,000 after buying an additional 131,695 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Mizuho Financial Group by 23.7% during the first quarter. Bank of New York Mellon Corp now owns 295,682 shares of the bank's stock worth $760,000 after buying an additional 56,594 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Mizuho Financial Group by 25.4% during the first quarter. American Century Companies Inc. now owns 547,629 shares of the bank's stock worth $1,407,000 after buying an additional 110,837 shares during the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Mizuho Financial Group Stock Performance

MFG traded up $0.01 during midday trading on Friday, reaching $3.89. 580,464 shares of the company were exchanged, compared to its average volume of 950,755. Mizuho Financial Group, Inc. has a one year low of $2.81 and a one year high of $4.32. The stock has a market capitalization of $49.38 billion, a P/E ratio of 10.81, a PEG ratio of 0.74 and a beta of 0.42. The stock's 50-day simple moving average is $3.83 and its 200 day simple moving average is $3.57.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last issued its earnings results on Friday, February 2nd. The bank reported $0.11 earnings per share (EPS) for the quarter. Mizuho Financial Group had a return on equity of 6.72% and a net margin of 8.48%. The firm had revenue of $12.97 billion for the quarter. On average, research analysts anticipate that Mizuho Financial Group, Inc. will post 0.36 earnings per share for the current 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.