Eagle Rock Investment Company LLC Invests $86,000 in Mizuho Financial Group, Inc. (NYSE:MFG)

Eagle Rock Investment Company LLC acquired a new position in Mizuho Financial Group, Inc. (NYSE:MFG) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,618 shares of the bank’s stock, valued at approximately $86,000.

Other large investors also recently made changes to their positions in the company. Spire Wealth Management increased its position in shares of Mizuho Financial Group by 377.8% in the fourth quarter. Spire Wealth Management now owns 5,504 shares of the bank’s stock worth $27,000 after acquiring an additional 4,352 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Mizuho Financial Group by 51.5% in the fourth quarter. Bessemer Group Inc. now owns 6,430 shares of the bank’s stock worth $31,000 after acquiring an additional 2,187 shares in the last quarter. CogentBlue Wealth Advisors LLC acquired a new stake in shares of Mizuho Financial Group in the fourth quarter worth $50,000. BIP Alliance LLC acquired a new stake in shares of Mizuho Financial Group in the fourth quarter worth $51,000. Finally, Seeds Investor LLC acquired a new stake in shares of Mizuho Financial Group in the fourth quarter worth $52,000. Institutional investors and hedge funds own 3.26% of the company’s stock.

Mizuho Financial Group Price Performance

Mizuho Financial Group stock opened at $5.57 on Friday. Mizuho Financial Group, Inc. has a 52-week low of $3.45 and a 52-week high of $6.08. The firm has a fifty day moving average of $5.06 and a 200-day moving average of $5.23. The firm has a market capitalization of $70.16 billion, a P/E ratio of 13.93, a PEG ratio of 0.76 and a beta of 0.40. 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 released its quarterly earnings results on Thursday, May 15th. The bank reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $12.84 billion during the quarter, compared to analyst estimates of $5.38 billion. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. As a group, analysts predict that Mizuho Financial Group, Inc. will post 0.42 EPS for the current 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.