Yousif Capital Management LLC Sells 47,075 Shares of Mizuho Financial Group, Inc. (NYSE:MFG)

Yousif Capital Management LLC reduced its position in Mizuho Financial Group, Inc. (NYSE:MFG) by 24.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,754 shares of the bank’s stock after selling 47,075 shares during the period. Yousif Capital Management LLC’s holdings in Mizuho Financial Group were worth $820,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Bessemer Group Inc. lifted its position in shares of Mizuho Financial Group by 51.5% during the 4th quarter. Bessemer Group Inc. now owns 6,430 shares of the bank’s stock worth $31,000 after buying an additional 2,187 shares in the last quarter. CogentBlue Wealth Advisors LLC purchased a new position in shares of Mizuho Financial Group during the 4th quarter valued at $50,000. BIP Alliance LLC purchased a new position in shares of Mizuho Financial Group during the 4th quarter valued at $51,000. Seeds Investor LLC bought a new position in Mizuho Financial Group during the fourth quarter worth about $52,000. Finally, Moors & Cabot Inc. purchased a new position in Mizuho Financial Group in the 4th quarter valued at approximately $55,000. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Mizuho Financial Group Stock Up 0.8%

MFG stock opened at $5.49 on Friday. The stock has a 50-day simple moving average of $5.21 and a two-hundred day simple moving average of $5.26. The firm has a market capitalization of $69.09 billion, a PE ratio of 11.67, a PEG ratio of 0.69 and a beta of 0.39. Mizuho Financial Group, Inc. has a twelve month low of $3.45 and a twelve month high of $6.08.

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 the consensus estimate of $0.03. Mizuho Financial Group had a return on equity of 10.38% and a net margin of 9.81%. The firm had revenue of $12.84 billion for the quarter, compared to analysts’ expectations of $5.38 billion. On average, equities research analysts anticipate 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.