Mizuho Financial Group, Inc. (NYSE:MFG) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC boosted its holdings in Mizuho Financial Group, Inc. (NYSE:MFGGet Rating) by 66.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,710 shares of the bank’s stock after acquiring an additional 13,802 shares during the quarter. Ballentine Partners LLC’s holdings in Mizuho Financial Group were worth $77,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Sage Rhino Capital LLC increased its position in Mizuho Financial Group by 12.4% in the 3rd quarter. Sage Rhino Capital LLC now owns 41,842 shares of the bank’s stock valued at $92,000 after acquiring an additional 4,617 shares during the period. First Affirmative Financial Network boosted its stake in Mizuho Financial Group by 38.1% during the 3rd quarter. First Affirmative Financial Network now owns 16,988 shares of the bank’s stock valued at $38,000 after purchasing an additional 4,683 shares in the last quarter. Bank of Montreal Can boosted its stake in Mizuho Financial Group by 12.3% during the 2nd quarter. Bank of Montreal Can now owns 46,393 shares of the bank’s stock valued at $106,000 after purchasing an additional 5,067 shares in the last quarter. Keel Point LLC boosted its stake in Mizuho Financial Group by 24.1% during the 2nd quarter. Keel Point LLC now owns 26,680 shares of the bank’s stock valued at $64,000 after purchasing an additional 5,179 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in Mizuho Financial Group by 11.2% during the 1st quarter. Private Advisor Group LLC now owns 54,815 shares of the bank’s stock valued at $141,000 after purchasing an additional 5,515 shares in the last quarter. 0.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Mizuho Financial Group in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

Mizuho Financial Group Stock Performance

MFG opened at $2.92 on Friday. The firm has a market cap of $37.06 billion, a PE ratio of 9.73, a P/E/G ratio of 1.46 and a beta of 0.47. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 1.29. The business has a fifty day simple moving average of $2.47 and a 200-day simple moving average of $2.36. Mizuho Financial Group, Inc. has a fifty-two week low of $2.10 and a fifty-two week high of $2.94.

Mizuho Financial Group (NYSE:MFGGet Rating) last released its quarterly earnings data on Monday, November 14th. The bank reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $12.38 billion during the quarter. Mizuho Financial Group had a return on equity of 4.98% and a net margin of 8.83%. As a group, equities analysts predict that Mizuho Financial Group, Inc. will post 0.33 EPS for the current fiscal year.

Insider Transactions at Mizuho Financial Group

In other news, major shareholder Mizuho Securities Usa Llc sold 64,745 shares of the firm’s stock in a transaction on Friday, November 25th. The stock was sold at an average price of $10.06, for a total value of $651,334.70. Following the completion of the sale, the insider now owns 3,093,750 shares of the company’s stock, valued at $31,123,125. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.01% of the company’s stock.

Mizuho Financial Group Profile

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Mizuho Financial Group (NYSE:MFG)

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