QRG Capital Management Inc. Lowers Stock Position in Mizuho Financial Group, Inc. (NYSE:MFG)

QRG Capital Management Inc. cut its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 48.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 336,764 shares of the bank’s stock after selling 313,662 shares during the quarter. QRG Capital Management Inc.’s holdings in Mizuho Financial Group were worth $1,647,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Natixis Advisors LLC grew its position in Mizuho Financial Group by 351.2% in the 3rd quarter. Natixis Advisors LLC now owns 3,355,910 shares of the bank’s stock valued at $14,028,000 after buying an additional 2,612,204 shares during the last quarter. Sanctuary Advisors LLC grew its position in Mizuho Financial Group by 1,077.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 278,847 shares of the bank’s stock valued at $1,166,000 after buying an additional 255,164 shares during the last quarter. Verdence Capital Advisors LLC purchased a new position in Mizuho Financial Group in the 3rd quarter valued at $862,000. Zions Bancorporation N.A. grew its position in Mizuho Financial Group by 3,594.0% in the 3rd quarter. Zions Bancorporation N.A. now owns 157,252 shares of the bank’s stock valued at $657,000 after buying an additional 152,995 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its position in Mizuho Financial Group by 473.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 421,624 shares of the bank’s stock valued at $1,762,000 after buying an additional 348,046 shares during the last quarter. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Mizuho Financial Group Stock Performance

NYSE:MFG opened at $5.63 on Monday. The firm’s fifty day moving average price is $5.29 and its 200 day moving average price is $4.73. Mizuho Financial Group, Inc. has a 1-year low of $3.45 and a 1-year high of $5.91. 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 $71.28 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 0.76 and a beta of 0.45.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings data 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 net margin of 7.85% and a return on equity of 8.56%. On average, sell-side analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS 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.