Rhumbline Advisers Has $1.59 Million Stake in Mizuho Financial Group, Inc. (NYSE:MFG)

Rhumbline Advisers trimmed its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 12.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 288,330 shares of the bank’s stock after selling 42,235 shares during the period. Rhumbline Advisers’ holdings in Mizuho Financial Group were worth $1,589,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Mizuho Financial Group by 19.3% in the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock worth $60,000 after acquiring an additional 1,998 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Mizuho Financial Group by 10.8% in the fourth quarter. Farther Finance Advisors LLC now owns 21,129 shares of the bank’s stock worth $103,000 after acquiring an additional 2,054 shares during the last quarter. Bessemer Group Inc. lifted its holdings 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 during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Mizuho Financial Group by 6.7% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 34,890 shares of the bank’s stock worth $171,000 after acquiring an additional 2,188 shares during the last quarter. Finally, Lake Street Advisors Group LLC lifted its holdings in shares of Mizuho Financial Group by 4.4% in the fourth quarter. Lake Street Advisors Group LLC now owns 52,243 shares of the bank’s stock worth $255,000 after acquiring an additional 2,210 shares during the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Mizuho Financial Group Trading Up 0.8%

MFG stock opened at $5.49 on Thursday. The stock has a market capitalization of $69.09 billion, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 0.68 and a beta of 0.39. Mizuho Financial Group, Inc. has a 12 month low of $3.45 and a 12 month high of $6.08. The firm has a 50-day moving average price of $5.19 and a 200-day moving average price of $5.26.

Mizuho Financial Group (NYSE:MFG) last posted its earnings results on Thursday, May 15th. The bank reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $12.84 billion during the quarter, compared to analysts’ expectations of $5.38 billion. Mizuho Financial Group had a net margin of 9.81% and a return on equity of 10.38%. As a group, equities analysts predict that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

Mizuho Financial Group Company 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.