HighTower Advisors LLC Increases Holdings in Mizuho Financial Group, Inc. (NYSE:MFG)

HighTower Advisors LLC grew its holdings in Mizuho Financial Group, Inc. (NYSE:MFG) by 28.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 332,302 shares of the bank’s stock after acquiring an additional 73,573 shares during the quarter. HighTower Advisors LLC’s holdings in Mizuho Financial Group were worth $1,625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MFG. Charles Schwab Investment Management Inc. lifted its position 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 valued at $3,317,000 after acquiring an additional 83,655 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of Mizuho Financial Group by 10.7% during the third quarter. Eagle Asset Management Inc. now owns 203,259 shares of the bank’s stock worth $917,000 after purchasing an additional 19,634 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Mizuho Financial Group by 43.8% in the 3rd quarter. Cerity Partners LLC now owns 657,915 shares of the bank’s stock valued at $2,750,000 after purchasing an additional 200,318 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in shares of Mizuho Financial Group in the 3rd quarter valued at about $1,049,000. Finally, Hancock Whitney Corp purchased a new position in Mizuho Financial Group during the 3rd quarter worth approximately $110,000. Institutional investors and hedge funds own 3.26% of the company’s stock.

Mizuho Financial Group Price Performance

Shares of NYSE MFG opened at $5.91 on Tuesday. The stock has a market cap of $74.83 billion, a P/E ratio of 14.76, a P/E/G ratio of 0.76 and a beta of 0.39. Mizuho Financial Group, Inc. has a twelve month low of $3.45 and a twelve month high of $6.08. The stock has a 50 day moving average of $5.55 and a two-hundred day moving average of $4.90. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39.

Mizuho Financial Group (NYSE:MFG) last announced its earnings results on Monday, February 3rd. The bank reported $0.15 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%. On average, research analysts forecast 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.