Truist Financial Corp Trims Stock Holdings in Mizuho Financial Group, Inc. (NYSE:MFG)

Truist Financial Corp trimmed its position in Mizuho Financial Group, Inc. (NYSE:MFG) by 10.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,279 shares of the bank’s stock after selling 2,205 shares during the period. Truist Financial Corp’s holdings in Mizuho Financial Group were worth $89,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in Mizuho Financial Group by 31.0% in the third quarter. FMR LLC now owns 17,622,960 shares of the bank’s stock worth $73,664,000 after acquiring an additional 4,167,234 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Mizuho Financial Group by 351.2% in the third quarter. Natixis Advisors LLC now owns 3,355,910 shares of the bank’s stock worth $14,028,000 after acquiring an additional 2,612,204 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Mizuho Financial Group by 11.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 793,629 shares of the bank’s stock worth $3,317,000 after acquiring an additional 83,655 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Mizuho Financial Group by 1.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 734,905 shares of the bank’s stock worth $3,593,000 after acquiring an additional 9,528 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in Mizuho Financial Group by 43.8% in the third quarter. Cerity Partners LLC now owns 657,915 shares of the bank’s stock worth $2,750,000 after acquiring an additional 200,318 shares in the last quarter. 3.26% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Trading Down 0.8 %

Mizuho Financial Group stock opened at $5.71 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39. The business’s fifty day simple moving average is $5.37 and its two-hundred day simple moving average is $4.77. Mizuho Financial Group, Inc. has a 12 month low of $3.45 and a 12 month high of $5.91. The company has a market capitalization of $72.30 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 0.76 and a beta of 0.39.

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