Allspring Global Investments Holdings LLC Has $489,000 Position in Mizuho Financial Group, Inc. (NYSE:MFG)

Allspring Global Investments Holdings LLC increased its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 10.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,798 shares of the bank’s stock after buying an additional 9,585 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Mizuho Financial Group were worth $489,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MFG. Wilmington Savings Fund Society FSB acquired a new stake in Mizuho Financial Group during the 3rd quarter worth approximately $25,000. Spire Wealth Management boosted its position in Mizuho Financial Group by 377.8% during 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 period. TD Private Client Wealth LLC boosted its position in Mizuho Financial Group by 683.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank’s stock worth $35,000 after buying an additional 7,345 shares during the period. Dakota Wealth Management acquired a new stake in Mizuho Financial Group during the 3rd quarter worth approximately $42,000. Finally, PFW Advisors LLC acquired a new stake in Mizuho Financial Group during the 4th quarter worth approximately $58,000. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Mizuho Financial Group Stock Down 0.4 %

NYSE:MFG opened at $5.60 on Tuesday. The firm’s 50 day simple moving average is $5.23 and its 200 day simple moving average is $4.68. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.96. Mizuho Financial Group, Inc. has a one year low of $3.45 and a one year high of $5.91. The company has a market cap of $70.90 billion, a PE ratio of 13.99, a P/E/G ratio of 0.76 and a beta of 0.45.

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