US Bancorp DE Boosts Stock Position in Mizuho Financial Group, Inc. (NYSE:MFG)

US Bancorp DE raised its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 23.2% in the 4th quarter, Holdings Channel reports. The fund owned 716,319 shares of the bank’s stock after acquiring an additional 134,674 shares during the quarter. US Bancorp DE’s holdings in Mizuho Financial Group were worth $3,503,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in Mizuho Financial Group during the 3rd quarter worth approximately $25,000. Spire Wealth Management increased its position in Mizuho Financial Group by 377.8% during the 4th quarter. Spire Wealth Management now owns 5,504 shares of the bank’s stock worth $27,000 after purchasing an additional 4,352 shares during the period. TD Private Client Wealth LLC increased its position in Mizuho Financial Group by 683.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank’s stock worth $35,000 after purchasing an additional 7,345 shares during the period. CogentBlue Wealth Advisors LLC acquired a new position in Mizuho Financial Group during the 4th quarter worth approximately $50,000. Finally, Sierra Ocean LLC acquired a new position in Mizuho Financial Group during the 4th quarter worth approximately $55,000. 3.26% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Stock Performance

NYSE MFG opened at $5.75 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39. The business’s 50 day moving average is $5.34 and its two-hundred day moving average is $4.76. Mizuho Financial Group, Inc. has a 12-month low of $3.45 and a 12-month high of $5.91. The stock has a market capitalization of $72.80 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 0.76 and a beta of 0.45.

Mizuho Financial Group (NYSE:MFG) last released its earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.05. Mizuho Financial Group had a return on equity of 8.56% and a net margin of 7.85%. Research 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.