International Private Wealth Advisors LLC Buys New Stake in Mizuho Financial Group, Inc. (NYSE:MFG)

International Private Wealth Advisors LLC bought a new position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,042 shares of the bank’s stock, valued at approximately $55,000.

A number of other hedge funds also recently bought and sold shares of MFG. Lazard Asset Management LLC lifted its position in shares of Mizuho Financial Group by 54.7% during the 4th quarter. Lazard Asset Management LLC now owns 23,558,714 shares of the bank’s stock worth $115,201,000 after purchasing an additional 8,329,657 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Mizuho Financial Group by 18.0% in the fourth quarter. Bank of America Corp DE now owns 16,121,663 shares of the bank’s stock valued at $78,835,000 after acquiring an additional 2,454,233 shares during the period. Northern Trust Corp grew its stake in shares of Mizuho Financial Group by 86.1% in the fourth quarter. Northern Trust Corp now owns 9,743,983 shares of the bank’s stock worth $47,648,000 after acquiring an additional 4,508,649 shares during the last quarter. Natixis Advisors LLC increased its position in Mizuho Financial Group by 2.2% during the fourth quarter. Natixis Advisors LLC now owns 3,430,732 shares of the bank’s stock worth $16,776,000 after acquiring an additional 74,822 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Mizuho Financial Group by 48.5% during the 4th quarter. Wells Fargo & Company MN now owns 3,038,291 shares of the bank’s stock valued at $14,857,000 after purchasing an additional 992,900 shares during the last quarter. 3.26% of the stock is currently owned by institutional investors.

Mizuho Financial Group Price Performance

Shares of Mizuho Financial Group stock opened at $5.57 on Monday. The firm has a fifty day moving average price of $5.06 and a two-hundred day moving average price of $5.23. Mizuho Financial Group, Inc. has a fifty-two week low of $3.45 and a fifty-two week high of $6.08. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.96. The company has a market cap of $70.16 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 0.76 and a beta of 0.40.

Mizuho Financial Group (NYSE:MFG) last issued its quarterly earnings results on Thursday, May 15th. The bank reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. Mizuho Financial Group had a return on equity of 8.56% and a net margin of 7.85%. The firm had revenue of $12.84 billion for the quarter, compared to analyst estimates of $5.38 billion. Analysts expect 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.