Mediolanum International Funds Ltd Takes $415,000 Position in Mizuho Financial Group, Inc. (NYSE:MFG)

Mediolanum International Funds Ltd purchased a new position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 99,200 shares of the bank’s stock, valued at approximately $415,000.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in Mizuho Financial Group by 10.9% during the 2nd quarter. American Century Companies Inc. now owns 2,391,343 shares of the bank’s stock worth $10,115,000 after purchasing an additional 234,972 shares during the period. AQR Capital Management LLC boosted its stake in shares of Mizuho Financial Group by 139.4% in the second quarter. AQR Capital Management LLC now owns 225,432 shares of the bank’s stock valued at $954,000 after buying an additional 131,271 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of Mizuho Financial Group by 645.5% in the second quarter. Ritholtz Wealth Management now owns 115,389 shares of the bank’s stock valued at $488,000 after buying an additional 99,911 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Mizuho Financial Group in the second quarter valued at approximately $387,000. Finally, Creative Planning boosted its stake in shares of Mizuho Financial Group by 13.5% in the second quarter. Creative Planning now owns 738,074 shares of the bank’s stock valued at $3,122,000 after buying an additional 88,011 shares in the last quarter. Institutional investors and hedge funds own 3.26% of the company’s stock.

Mizuho Financial Group Stock Down 0.2 %

Mizuho Financial Group stock opened at $4.09 on Monday. 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, Inc. has a 1-year low of $3.14 and a 1-year high of $4.63. The company has a market cap of $51.83 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 0.69 and a beta of 0.39. The stock’s 50 day moving average price is $4.14 and its 200 day moving average price is $4.10.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings results on Wednesday, July 31st. The bank reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $15.27 billion for the quarter. Mizuho Financial Group had a return on equity of 6.64% and a net margin of 6.38%. On average, sell-side analysts predict that Mizuho Financial Group, Inc. will post 0.44 EPS for the current fiscal 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.