Mizuho Financial Group, Inc. (NYSE:MFG) Stake Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 5.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 504,182 shares of the bank’s stock after buying an additional 24,016 shares during the quarter. Bank of New York Mellon Corp’s holdings in Mizuho Financial Group were worth $2,133,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MFG. Russell Investments Group Ltd. raised its holdings in shares of Mizuho Financial Group by 144.3% during the fourth quarter. Russell Investments Group Ltd. now owns 10,308 shares of the bank’s stock valued at $35,000 after acquiring an additional 6,088 shares during the period. Sunpointe LLC purchased a new position in Mizuho Financial Group during the 4th quarter worth approximately $41,000. Perigon Wealth Management LLC acquired a new stake in Mizuho Financial Group during the 1st quarter valued at $41,000. PFW Advisors LLC purchased a new stake in shares of Mizuho Financial Group in the first quarter valued at $42,000. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Mizuho Financial Group by 26.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 12,896 shares of the bank’s stock valued at $51,000 after purchasing an additional 2,712 shares in the last quarter. 3.26% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Trading Down 3.1 %

Shares of NYSE MFG opened at $3.94 on Wednesday. The firm has a market capitalization of $49.87 billion, a PE ratio of 13.12, a PEG ratio of 0.76 and a beta of 0.39. Mizuho Financial Group, Inc. has a one year low of $3.14 and a one year 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 business has a 50-day moving average price of $4.18 and a two-hundred day moving average price of $4.06.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings results 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 net margin of 6.38% and a return on equity of 6.64%. The business had revenue of $15.27 billion during the quarter. As a group, analysts predict 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.