Prospect Financial Group LLC Invests $72,000 in Mizuho Financial Group, Inc. (NYSE:MFG)

Prospect Financial Group LLC bought a new stake in Mizuho Financial Group, Inc. (NYSE:MFG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,826 shares of the bank’s stock, valued at approximately $72,000.

Other large investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Mizuho Financial Group during the 3rd quarter valued at about $25,000. Spire Wealth Management lifted its holdings in shares of Mizuho Financial Group by 377.8% in the 4th quarter. Spire Wealth Management now owns 5,504 shares of the bank’s stock worth $27,000 after acquiring an additional 4,352 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Mizuho Financial Group by 683.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank’s stock valued at $35,000 after purchasing an additional 7,345 shares in the last quarter. CogentBlue Wealth Advisors LLC bought a new position in shares of Mizuho Financial Group during the 4th quarter valued at $50,000. Finally, Sierra Ocean LLC purchased a new position in Mizuho Financial Group in the 4th quarter worth $55,000. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Stock Performance

NYSE MFG opened at $5.91 on Tuesday. The company has a 50-day simple moving average of $5.55 and a two-hundred day simple moving average of $4.90. Mizuho Financial Group, Inc. has a 12-month low of $3.45 and a 12-month high of $6.08. The firm has a market cap of $74.83 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 0.76 and a beta of 0.39. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.39.

Mizuho Financial Group (NYSE:MFG) last issued its earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.05. Mizuho Financial Group had a return on equity of 8.56% and a net margin of 7.85%. On average, equities analysts forecast that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Mizuho Financial Group 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.