Rhumbline Advisers Purchases 2,721 Shares of Mizuho Financial Group, Inc. (NYSE:MFG)

Rhumbline Advisers increased its position in Mizuho Financial Group, Inc. (NYSE:MFG) by 0.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 325,847 shares of the bank’s stock after buying an additional 2,721 shares during the quarter. Rhumbline Advisers’ holdings in Mizuho Financial Group were worth $1,378,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position 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 worth $35,000 after buying an additional 6,088 shares during the last quarter. Sunpointe LLC bought a new stake in Mizuho Financial Group in the 4th quarter worth approximately $41,000. Perigon Wealth Management LLC bought a new stake in Mizuho Financial Group in the 1st quarter worth approximately $41,000. PFW Advisors LLC bought a new stake in Mizuho Financial Group in the 1st quarter worth approximately $42,000. Finally, Riversedge Advisors LLC bought a new stake in Mizuho Financial Group in the 2nd quarter worth approximately $46,000. Institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Stock Performance

NYSE:MFG opened at $4.17 on Friday. The business has a 50 day moving average of $4.16 and a 200 day moving average of $4.06. The company has a market capitalization of $52.84 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.76 and a beta of 0.39. Mizuho Financial Group, Inc. has a 1-year low of $3.14 and a 1-year 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.

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, beating the consensus estimate of $0.11 by $0.02. Mizuho Financial Group had a return on equity of 6.64% and a net margin of 6.38%. The firm had revenue of $15.27 billion during the quarter. On average, sell-side analysts predict that Mizuho Financial Group, Inc. will post 0.39 earnings per share for the current fiscal year.

Mizuho Financial Group 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.