Mizuho Financial Group, Inc. (NYSE:MFG) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC raised its position in Mizuho Financial Group, Inc. (NYSE:MFG) by 61.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,952 shares of the bank’s stock after purchasing an additional 9,923 shares during the quarter. Summit Trail Advisors LLC’s holdings in Mizuho Financial Group were worth $110,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MFG. Goldman Sachs Group Inc. boosted its holdings in Mizuho Financial Group by 4.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 12,482,281 shares of the bank’s stock valued at $42,939,000 after purchasing an additional 488,978 shares during the last quarter. Lockheed Martin Investment Management Co. acquired a new position in shares of Mizuho Financial Group in the 4th quarter worth approximately $943,000. American Century Companies Inc. lifted its holdings in shares of Mizuho Financial Group by 10.9% in the 2nd quarter. American Century Companies Inc. now owns 2,391,343 shares of the bank’s stock worth $10,115,000 after acquiring an additional 234,972 shares during the last quarter. Morningstar Investment Services LLC lifted its holdings in shares of Mizuho Financial Group by 101.7% in the 4th quarter. Morningstar Investment Services LLC now owns 208,999 shares of the bank’s stock worth $723,000 after acquiring an additional 105,387 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in shares of Mizuho Financial Group by 645.5% in the 2nd quarter. Ritholtz Wealth Management now owns 115,389 shares of the bank’s stock worth $488,000 after acquiring an additional 99,911 shares during the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Mizuho Financial Group Stock Performance

Shares of MFG stock opened at $4.12 on Wednesday. The firm’s 50 day moving average price is $4.15 and its 200-day moving average price is $4.06. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.96 and a current ratio of 0.96. Mizuho Financial Group, Inc. has a one year low of $3.14 and a one year high of $4.63. The firm has a market cap of $52.21 billion, a P/E ratio of 13.73, a P/E/G ratio of 0.76 and a beta of 0.39.

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