Rhumbline Advisers Boosts Position in Mizuho Financial Group, Inc. (NYSE:MFG)

Rhumbline Advisers raised its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 0.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 325,847 shares of the bank’s stock after buying an additional 2,721 shares during the quarter. Rhumbline Advisers’ holdings in Mizuho Financial Group were worth $1,378,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in Mizuho Financial Group by 144.3% during the 4th quarter. Russell Investments Group Ltd. now owns 10,308 shares of the bank’s stock valued at $35,000 after buying an additional 6,088 shares in the last quarter. Sunpointe LLC purchased a new position in Mizuho Financial Group during the 4th quarter valued at about $41,000. Perigon Wealth Management LLC purchased a new position in Mizuho Financial Group during the 1st quarter valued at about $41,000. PFW Advisors LLC purchased a new position in Mizuho Financial Group during the 1st quarter valued at about $42,000. Finally, Riversedge Advisors LLC purchased a new position in shares of Mizuho Financial Group during the second quarter worth about $46,000. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Stock Up 3.0 %

Shares of NYSE MFG opened at $4.17 on Friday. Mizuho Financial Group, Inc. has a 12 month low of $3.14 and a 12 month high of $4.63. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $52.84 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.76 and a beta of 0.39. The business has a 50-day moving average of $4.16 and a 200-day moving average of $4.06.

Mizuho Financial Group (NYSE:MFG) last issued its quarterly earnings data on Wednesday, July 31st. The bank reported $0.13 EPS for the quarter, topping 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 company had revenue of $15.27 billion during the quarter. Sell-side analysts expect that Mizuho Financial Group, Inc. will post 0.39 earnings per share 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.