Raymond James Financial Inc. purchased a new stake in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,216,930 shares of the bank's stock, valued at approximately $5,951,000.
Other institutional investors also recently modified their holdings of the company. Spire Wealth Management grew its holdings in shares of Mizuho Financial Group by 377.8% in the 4th quarter. Spire Wealth Management now owns 5,504 shares of the bank's stock valued at $27,000 after acquiring an additional 4,352 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Mizuho Financial Group in the third quarter valued at $25,000. CogentBlue Wealth Advisors LLC acquired a new position in Mizuho Financial Group during the fourth quarter worth $50,000. Sierra Ocean LLC acquired a new position in Mizuho Financial Group during the fourth quarter worth $55,000. Finally, Moors & Cabot Inc. acquired a new stake in Mizuho Financial Group in the fourth quarter valued at $55,000. 3.26% of the stock is currently owned by institutional investors.
Mizuho Financial Group Stock Performance
MFG traded down $0.06 during trading on Wednesday, hitting $5.04. The stock had a trading volume of 2,631,985 shares, compared to its average volume of 1,723,305. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market cap of $63.49 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 0.76 and a beta of 0.33. The company has a 50 day moving average price of $5.28 and a 200-day moving average price of $5.06. Mizuho Financial Group, Inc. has a one year low of $3.45 and a one year high of $6.08.
Mizuho Financial Group (NYSE:MFG - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The bank reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. As a group, research analysts predict that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.
About Mizuho Financial Group
(
Free Report)
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.
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