Mizuho Financial Group, Inc. (NYSE:MFG) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 45.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,333 shares of the bank’s stock after purchasing an additional 33,950 shares during the period. Ameriprise Financial Inc.’s holdings in Mizuho Financial Group were worth $530,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MFG. Spire Wealth Management increased its position in shares of Mizuho Financial Group by 377.8% during the fourth quarter. Spire Wealth Management now owns 5,504 shares of the bank’s stock worth $27,000 after purchasing an additional 4,352 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Mizuho Financial Group by 51.5% during the fourth quarter. Bessemer Group Inc. now owns 6,430 shares of the bank’s stock worth $31,000 after purchasing an additional 2,187 shares in the last quarter. CogentBlue Wealth Advisors LLC acquired a new position in shares of Mizuho Financial Group during the fourth quarter worth $50,000. Seeds Investor LLC acquired a new position in shares of Mizuho Financial Group during the fourth quarter worth $52,000. Finally, Sierra Ocean LLC acquired a new position in shares of Mizuho Financial Group during the fourth quarter worth $55,000. 3.26% of the stock is owned by institutional investors and hedge funds.

Mizuho Financial Group Stock Performance

Shares of MFG stock opened at $5.55 on Wednesday. The business’s fifty day simple moving average is $5.06 and its 200-day simple moving average is $5.22. The company has a market cap of $69.85 billion, a PE ratio of 13.86, a PEG ratio of 0.76 and a beta of 0.38. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39. Mizuho Financial Group, Inc. has a 12-month low of $3.45 and a 12-month high of $6.08.

Mizuho Financial Group (NYSE:MFG) last released its 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 the consensus estimate of $5.38 billion. Analysts expect that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current fiscal 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.