Wedmont Private Capital Grows Position in Mizuho Financial Group, Inc. (NYSE:MFG)

Wedmont Private Capital grew its stake in Mizuho Financial Group, Inc. (NYSE:MFG) by 10.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,038 shares of the bank’s stock after acquiring an additional 2,432 shares during the quarter. Wedmont Private Capital’s holdings in Mizuho Financial Group were worth $107,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Perigon Wealth Management LLC acquired a new position in Mizuho Financial Group in the 1st quarter valued at about $41,000. PFW Advisors LLC purchased a new stake in shares of Mizuho Financial Group during the first quarter worth about $42,000. Brighton Jones LLC acquired a new position in shares of Mizuho Financial Group in the second quarter valued at approximately $43,000. Riversedge Advisors LLC purchased a new position in shares of Mizuho Financial Group during the second quarter valued at approximately $46,000. Finally, Kathmere Capital Management LLC purchased a new stake in Mizuho Financial Group in the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 3.26% of the company’s stock.

Mizuho Financial Group Trading Up 2.7 %

Shares of MFG opened at $4.26 on Monday. 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 market capitalization of $53.99 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 0.67 and a beta of 0.39. The stock has a fifty day moving average of $4.09 and a two-hundred day moving average of $4.08. 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 (NYSE:MFG) last released its earnings results on Wednesday, July 31st. The bank reported $0.13 EPS 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. As a group, analysts forecast that Mizuho Financial Group, Inc. will post 0.44 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.