Mizuho Financial Group (NYSE:MFG) Trading Down 2.2%

Mizuho Financial Group, Inc. (NYSE:MFG) shares traded down 2.2% during trading on Tuesday . The company traded as low as $4.05 and last traded at $4.07. 1,745,104 shares were traded during trading, an increase of 76% from the average session volume of 993,525 shares. The stock had previously closed at $4.16.

Mizuho Financial Group Price Performance

The company has a market cap of $52.46 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 0.76 and a beta of 0.39. 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 company has a fifty day moving average price of $4.16 and a two-hundred day moving average price of $4.07.

Mizuho Financial Group (NYSE:MFG) last issued its earnings results on Wednesday, July 31st. The bank reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $15.27 billion for the quarter. Mizuho Financial Group had a net margin of 6.38% and a return on equity of 6.64%. As a group, equities research analysts anticipate that Mizuho Financial Group, Inc. will post 0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Mizuho Financial Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MFG. Goldman Sachs Group Inc. boosted its stake in Mizuho Financial Group by 4.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 12,482,281 shares of the bank’s stock worth $42,939,000 after purchasing an additional 488,978 shares in the last quarter. Lockheed Martin Investment Management Co. bought a new stake in Mizuho Financial Group during the 4th quarter worth about $943,000. American Century Companies Inc. increased its position in Mizuho Financial Group by 10.9% in the 2nd quarter. American Century Companies Inc. now owns 2,391,343 shares of the bank’s stock valued at $10,115,000 after acquiring an additional 234,972 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Mizuho Financial Group by 139.4% in the second quarter. AQR Capital Management LLC now owns 225,432 shares of the bank’s stock worth $954,000 after acquiring an additional 131,271 shares during the last quarter. Finally, Morningstar Investment Services LLC lifted its position in shares of Mizuho Financial Group by 101.7% during the fourth quarter. Morningstar Investment Services LLC now owns 208,999 shares of the bank’s stock worth $723,000 after purchasing an additional 105,387 shares in the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

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.