Augustine Asset Management Inc. Decreases Stock Holdings in Mizuho Financial Group, Inc. (NYSE:MFG)

Augustine Asset Management Inc. reduced its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 3.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 842,065 shares of the bank’s stock after selling 25,613 shares during the quarter. Mizuho Financial Group makes up about 1.1% of Augustine Asset Management Inc.’s holdings, making the stock its 16th biggest holding. Augustine Asset Management Inc.’s holdings in Mizuho Financial Group were worth $4,118,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Mizuho Financial Group during the third quarter valued at about $25,000. Spire Wealth Management grew its position in shares of Mizuho Financial Group by 377.8% in the 4th quarter. Spire Wealth Management now owns 5,504 shares of the bank’s stock worth $27,000 after buying an additional 4,352 shares during the last quarter. TD Private Client Wealth LLC increased its stake in shares of Mizuho Financial Group by 683.9% during the third quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank’s stock valued at $35,000 after buying an additional 7,345 shares during the period. Dakota Wealth Management bought a new position in shares of Mizuho Financial Group during the third quarter valued at approximately $42,000. Finally, ERn Financial LLC bought a new position in shares of Mizuho Financial Group during the third quarter valued at approximately $46,000. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Stock Performance

NYSE:MFG opened at $5.50 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.39. The firm’s fifty day simple moving average is $5.11 and its 200 day simple moving average is $4.57. The stock has a market cap of $69.64 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 0.97 and a beta of 0.45. Mizuho Financial Group, Inc. has a twelve month low of $3.45 and a twelve month high of $5.66.

Mizuho Financial Group (NYSE:MFG) last announced its earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. As a group, research analysts predict that Mizuho Financial Group, Inc. will post 0.42 EPS for the current 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.