Park Avenue Securities LLC lifted its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG – Get Rating) by 34.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,248 shares of the bank's stock after acquiring an additional 8,476 shares during the period. Park Avenue Securities LLC's holdings in Mizuho Financial Group were worth $85,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Addison Advisors LLC raised its holdings in Mizuho Financial Group by 572.3% during the first quarter. Addison Advisors LLC now owns 16,693 shares of the bank's stock worth $43,000 after buying an additional 14,210 shares during the last quarter. Parallel Advisors LLC raised its holdings in Mizuho Financial Group by 69.0% during the first quarter. Parallel Advisors LLC now owns 31,192 shares of the bank's stock worth $83,000 after buying an additional 12,738 shares during the last quarter. Sage Rhino Capital LLC raised its holdings in Mizuho Financial Group by 12.5% during the first quarter. Sage Rhino Capital LLC now owns 51,874 shares of the bank's stock worth $133,000 after buying an additional 5,751 shares during the last quarter. Keel Point LLC raised its holdings in Mizuho Financial Group by 59.3% during the first quarter. Keel Point LLC now owns 21,501 shares of the bank's stock worth $55,000 after buying an additional 8,006 shares during the last quarter. Finally, Greenleaf Trust raised its holdings in Mizuho Financial Group by 17.3% during the first quarter. Greenleaf Trust now owns 65,580 shares of the bank's stock worth $169,000 after buying an additional 9,695 shares during the last quarter. Institutional investors and hedge funds own 1.66% of the company's stock.
Get Mizuho Financial Group alerts:Wall Street Analyst Weigh In
MFG has been the topic of several research reports. The Goldman Sachs Group initiated coverage on shares of Mizuho Financial Group in a report on Wednesday, April 27th. They set a "neutral" rating on the stock. Bank of America lowered shares of Mizuho Financial Group from a "buy" rating to a "neutral" rating in a research note on Thursday, June 23rd. Finally, StockNews.com initiated coverage on shares of Mizuho Financial Group in a research note on Thursday, March 31st. They issued a "hold" rating for the company.
Mizuho Financial Group Stock Performance
NYSE MFG opened at $2.39 on Friday. Mizuho Financial Group, Inc. has a 1 year low of $2.15 and a 1 year high of $3.04. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $30.34 billion, a price-to-earnings ratio of 6.29, a PEG ratio of 0.74 and a beta of 0.53. The company has a fifty day moving average price of $2.30 and a 200-day moving average price of $2.51.Mizuho Financial Group (NYSE:MFG – Get Rating) last posted its earnings results on Friday, May 13th. The bank reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $13.92 billion during the quarter. Mizuho Financial Group had a net margin of 13.64% and a return on equity of 5.14%. As a group, equities research analysts predict that Mizuho Financial Group, Inc. will post 0.33 EPS for the current fiscal year.
About Mizuho Financial Group
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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 five segments: Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, and Asset Management Company.
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