Bank of New York Mellon Corp Buys 24,016 Shares of Mizuho Financial Group, Inc. (NYSE:MFG)

Bank of New York Mellon Corp lifted its holdings in Mizuho Financial Group, Inc. (NYSE:MFG) by 5.0% during the second quarter, HoldingsChannel reports. The firm owned 504,182 shares of the bank’s stock after purchasing an additional 24,016 shares during the period. Bank of New York Mellon Corp’s holdings in Mizuho Financial Group were worth $2,133,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MFG. Russell Investments Group Ltd. raised its stake in shares of 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 buying an additional 6,088 shares in the last quarter. Park Avenue Securities LLC raised its holdings in Mizuho Financial Group by 61.0% during the 1st quarter. Park Avenue Securities LLC now owns 84,712 shares of the bank’s stock worth $337,000 after purchasing an additional 32,087 shares during the last quarter. Ballentine Partners LLC raised its holdings in Mizuho Financial Group by 20.7% during the 1st quarter. Ballentine Partners LLC now owns 96,789 shares of the bank’s stock worth $385,000 after purchasing an additional 16,610 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in Mizuho Financial Group by 39.2% in the first quarter. Bleakley Financial Group LLC now owns 29,299 shares of the bank’s stock valued at $117,000 after acquiring an additional 8,251 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Mizuho Financial Group by 26.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 12,896 shares of the bank’s stock worth $51,000 after purchasing an additional 2,712 shares during the period. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Mizuho Financial Group Stock Down 3.1 %

Mizuho Financial Group stock opened at $3.94 on Wednesday. The firm has a market capitalization of $49.87 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 0.76 and a beta of 0.39. Mizuho Financial Group, Inc. has a fifty-two week low of $3.14 and a fifty-two week high of $4.63. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.96 and a quick ratio of 0.96. The company’s 50 day simple moving average is $4.18 and its 200 day simple moving average is $4.06.

Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings results on Wednesday, July 31st. The bank reported $0.13 earnings per share for the quarter, beating 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 company had revenue of $15.27 billion during the quarter. As a group, sell-side analysts anticipate 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.