Mizuho Financial Group (NYSE:MFG) Shares Down 2.2%

Mizuho Financial Group, Inc. (NYSE:MFG) fell 2.2% during trading on Tuesday . The stock traded as low as $4.05 and last traded at $4.07. 1,745,104 shares changed hands during mid-day trading, an increase of 76% from the average session volume of 993,525 shares. The stock had previously closed at $4.16.

Mizuho Financial Group Trading Down 0.5 %

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.22. The company has a market cap of $52.46 billion, a P/E ratio of 13.70, a P/E/G ratio of 0.76 and a beta of 0.39. The business has a 50-day moving average price of $4.16 and a two-hundred day moving average price of $4.07.

Mizuho Financial Group (NYSE:MFG) last announced its quarterly earnings data on Wednesday, July 31st. The bank reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. The firm had revenue of $15.27 billion during the quarter. Mizuho Financial Group had a return on equity of 6.64% and a net margin of 6.38%. On average, analysts predict that Mizuho Financial Group, Inc. will post 0.39 EPS for the current year.

Hedge Funds Weigh In On Mizuho Financial Group

Large investors have recently bought and sold shares of the business. Lockheed Martin Investment Management Co. bought a new stake in Mizuho Financial Group in the fourth quarter valued at about $943,000. Qtron Investments LLC increased its stake in Mizuho Financial Group by 5.9% in the fourth quarter. Qtron Investments LLC now owns 103,917 shares of the bank’s stock valued at $357,000 after purchasing an additional 5,763 shares in the last quarter. Lake Street Advisors Group LLC raised its holdings in Mizuho Financial Group by 19.8% in the fourth quarter. Lake Street Advisors Group LLC now owns 59,245 shares of the bank’s stock worth $204,000 after purchasing an additional 9,790 shares during the period. Morningstar Investment Services LLC boosted its position in shares of Mizuho Financial Group by 101.7% during the fourth quarter. Morningstar Investment Services LLC now owns 208,999 shares of the bank’s stock worth $723,000 after purchasing an additional 105,387 shares in the last quarter. Finally, Barometer Capital Management Inc. acquired a new position in shares of Mizuho Financial Group in the 4th quarter valued at $123,000. 3.26% of the stock is currently owned by institutional investors and hedge funds.

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.