Mizuho Financial Group, Inc. (NYSE:MFG) Shares Purchased by Naviter Wealth LLC

Naviter Wealth LLC raised its holdings in Mizuho Financial Group, Inc. (NYSE:MFG) by 10.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 272,980 shares of the bank’s stock after purchasing an additional 25,643 shares during the quarter. Naviter Wealth LLC’s holdings in Mizuho Financial Group were worth $1,086,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new position in Mizuho Financial Group during the fourth quarter valued at approximately $25,000. Russell Investments Group Ltd. grew its stake in Mizuho Financial Group by 144.3% in the 4th quarter. Russell Investments Group Ltd. now owns 10,308 shares of the bank’s stock valued at $35,000 after acquiring an additional 6,088 shares during the period. Summit Trail Advisors LLC purchased a new stake in Mizuho Financial Group in the 4th quarter worth $36,000. Wedmont Private Capital acquired a new stake in shares of Mizuho Financial Group in the fourth quarter valued at about $38,000. Finally, PFW Advisors LLC purchased a new stake in shares of Mizuho Financial Group during the first quarter worth about $42,000. 3.26% of the stock is owned by institutional investors and hedge funds.

Mizuho Financial Group Trading Up 1.5 %

Shares of Mizuho Financial Group stock opened at $4.34 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.56. Mizuho Financial Group, Inc. has a twelve month low of $3.04 and a twelve month high of $4.36. The firm has a market capitalization of $54.94 billion, a PE ratio of 14.45, a P/E/G ratio of 0.85 and a beta of 0.39. The firm’s 50-day moving average price is $3.99 and its 200 day moving average price is $3.81.

Mizuho Financial Group (NYSE:MFG) last issued its quarterly earnings results on Wednesday, May 15th. The bank reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.07). Mizuho Financial Group had a return on equity of 5.23% and a net margin of 6.45%. The firm had revenue of $17.41 billion during the quarter. On average, sell-side analysts predict that Mizuho Financial Group, Inc. will post 0.37 EPS for the current fiscal year.

About Mizuho Financial Group

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.