Choreo LLC Takes Position in Mizuho Financial Group, Inc. (NYSE:MFG)

Choreo LLC purchased a new position in Mizuho Financial Group, Inc. (NYSE:MFG) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 77,672 shares of the bank’s stock, valued at approximately $331,000.

Several other hedge funds have also recently bought and sold shares of MFG. Goldman Sachs Group Inc. increased its position in shares of Mizuho Financial Group by 4.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 12,482,281 shares of the bank’s stock valued at $42,939,000 after buying an additional 488,978 shares in the last quarter. Lockheed Martin Investment Management Co. acquired a new position in Mizuho Financial Group during the fourth quarter worth about $943,000. Morningstar Investment Services LLC lifted its holdings in shares of Mizuho Financial Group by 101.7% in the fourth quarter. Morningstar Investment Services LLC now owns 208,999 shares of the bank’s stock valued at $723,000 after purchasing an additional 105,387 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of Mizuho Financial Group by 645.5% during the 2nd quarter. Ritholtz Wealth Management now owns 115,389 shares of the bank’s stock worth $488,000 after purchasing an additional 99,911 shares in the last quarter. Finally, Harbour Capital Advisors LLC purchased a new position in shares of Mizuho Financial Group during the 1st quarter worth approximately $314,000. 3.26% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Price Performance

MFG stock opened at $3.94 on Wednesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.96 and a current ratio of 0.96. The stock’s 50 day moving average price is $4.18 and its 200 day moving average price is $4.06. The firm has a market cap of $49.87 billion, a P/E ratio of 13.12, 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.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings data on Wednesday, July 31st. The bank reported $0.13 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $15.27 billion for the quarter. On average, sell-side analysts expect that Mizuho Financial Group, Inc. will post 0.39 earnings per share for the current fiscal year.

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.