Assetmark Inc. Boosts Stake in Mizuho Financial Group, Inc. (NYSE:MFG)

Assetmark Inc. lifted its holdings in Mizuho Financial Group, Inc. (NYSE:MFG) by 550.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,057 shares of the bank’s stock after buying an additional 12,742 shares during the period. Assetmark Inc.’s holdings in Mizuho Financial Group were worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC raised its stake in Mizuho Financial Group by 19.3% during the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock worth $60,000 after purchasing an additional 1,998 shares during the period. Lake Street Advisors Group LLC raised its stake in Mizuho Financial Group by 4.4% during the fourth quarter. Lake Street Advisors Group LLC now owns 52,243 shares of the bank’s stock worth $255,000 after purchasing an additional 2,210 shares during the period. Rhumbline Advisers raised its stake in Mizuho Financial Group by 0.7% during the fourth quarter. Rhumbline Advisers now owns 330,565 shares of the bank’s stock worth $1,616,000 after purchasing an additional 2,268 shares during the period. Wealthstream Advisors Inc. raised its stake in Mizuho Financial Group by 10.4% during the fourth quarter. Wealthstream Advisors Inc. now owns 27,160 shares of the bank’s stock worth $133,000 after purchasing an additional 2,552 shares during the period. Finally, Jane Street Group LLC raised its stake in Mizuho Financial Group by 25.3% during the third quarter. Jane Street Group LLC now owns 16,080 shares of the bank’s stock worth $67,000 after purchasing an additional 3,248 shares during the period. 3.26% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Price Performance

Shares of MFG stock opened at $5.78 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.96. The firm’s 50-day moving average is $5.44 and its two-hundred day moving average is $4.82. 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 $73.18 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 0.76 and a beta of 0.39.

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, beating analysts’ consensus estimates of $0.10 by $0.05. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. Analysts predict that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current 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.