Wells Fargo & Company MN lifted its stake in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 48.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,038,291 shares of the bank's stock after purchasing an additional 992,900 shares during the period. Wells Fargo & Company MN's holdings in Mizuho Financial Group were worth $14,857,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in MFG. Pitcairn Co. grew its holdings in Mizuho Financial Group by 3.9% during the fourth quarter. Pitcairn Co. now owns 75,000 shares of the bank's stock worth $367,000 after purchasing an additional 2,784 shares during the period. Huntington National Bank lifted its stake in shares of Mizuho Financial Group by 55.1% during the 4th quarter. Huntington National Bank now owns 37,279 shares of the bank's stock worth $182,000 after buying an additional 13,241 shares during the last quarter. OLD Mission Capital LLC bought a new stake in shares of Mizuho Financial Group during the 4th quarter worth about $570,000. Franklin Resources Inc. raised its holdings in Mizuho Financial Group by 4.3% in the 4th quarter. Franklin Resources Inc. now owns 57,622 shares of the bank's stock valued at $282,000 after acquiring an additional 2,391 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its position in Mizuho Financial Group by 48.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 624,582 shares of the bank's stock worth $3,054,000 after acquiring an additional 202,958 shares during the last quarter. Institutional investors own 3.26% of the company's stock.
Mizuho Financial Group Stock Performance
Shares of MFG traded up $0.17 during midday trading on Friday, reaching $4.84. 4,868,531 shares of the stock were exchanged, compared to its average volume of 1,630,880. 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 stock's 50 day simple moving average is $5.40 and its 200 day simple moving average is $5.02. Mizuho Financial Group, Inc. has a twelve month low of $3.45 and a twelve month high of $6.08. The company has a market cap of $60.90 billion, a P/E ratio of 12.09, a PEG ratio of 0.76 and a beta of 0.33.
Mizuho Financial Group (NYSE:MFG - Get Free Report) last released its earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share 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%. On average, sell-side analysts expect that Mizuho Financial Group, Inc. will post 0.42 earnings per share 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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