Mizuho Financial Group, Inc. (NYSE:MFG) Sees Significant Drop in Short Interest

Mizuho Financial Group, Inc. (NYSE:MFG) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 1,560,000 shares, a drop of 20.0% from the March 15th total of 1,950,000 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,990,000 shares, the short-interest ratio is presently 0.8 days.

Mizuho Financial Group Stock Down 0.6 %

MFG stock traded down $0.03 during midday trading on Monday, hitting $4.81. The company’s stock had a trading volume of 4,396,434 shares, compared to its average volume of 1,641,981. The firm’s 50-day moving average is $5.39 and its 200-day moving average is $5.04. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39. Mizuho Financial Group has a 12 month low of $3.45 and a 12 month high of $6.08. The company has a market cap of $60.59 billion, a PE ratio of 12.03, a P/E/G ratio of 0.76 and a beta of 0.33.

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

Institutional Trading of Mizuho Financial Group

Large investors have recently made changes to their positions in the stock. Brighton Jones LLC grew its position in Mizuho Financial Group by 19.3% in the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock worth $60,000 after purchasing an additional 1,998 shares during the period. Farther Finance Advisors LLC lifted its holdings in Mizuho Financial Group by 10.8% in the fourth quarter. Farther Finance Advisors LLC now owns 21,129 shares of the bank’s stock valued at $103,000 after acquiring an additional 2,054 shares during the period. Bessemer Group Inc. boosted its position in Mizuho Financial Group by 51.5% in the fourth quarter. Bessemer Group Inc. now owns 6,430 shares of the bank’s stock worth $31,000 after purchasing an additional 2,187 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in shares of Mizuho Financial Group by 6.7% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 34,890 shares of the bank’s stock valued at $171,000 after purchasing an additional 2,188 shares during the last quarter. Finally, Lake Street Advisors Group LLC lifted its stake in shares of Mizuho Financial Group by 4.4% in the 4th quarter. Lake Street Advisors Group LLC now owns 52,243 shares of the bank’s stock worth $255,000 after purchasing an additional 2,210 shares during the period. 3.26% of the stock is currently owned by institutional investors.

Mizuho Financial Group Company 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.