American Century Companies Inc. Increases Position in Mizuho Financial Group, Inc. $MFG

American Century Companies Inc. raised its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,845,350 shares of the bank’s stock after buying an additional 95,035 shares during the period. American Century Companies Inc.’s holdings in Mizuho Financial Group were worth $15,678,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC lifted its stake in 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 acquiring an additional 8,329,657 shares in the last quarter. Northern Trust Corp boosted its holdings in Mizuho Financial Group by 86.1% during the 4th quarter. Northern Trust Corp now owns 9,743,983 shares of the bank’s stock valued at $47,648,000 after acquiring an additional 4,508,649 shares during the period. Bank of America Corp DE boosted its holdings in Mizuho Financial Group by 18.0% during the 4th 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. Millennium Management LLC boosted its holdings in Mizuho Financial Group by 129.2% during the 4th quarter. Millennium Management LLC now owns 1,620,882 shares of the bank’s stock valued at $7,926,000 after acquiring an additional 913,639 shares during the period. Finally, Allianz SE purchased a new position in Mizuho Financial Group during the 1st quarter valued at about $3,251,000. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Mizuho Financial Group from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd.

Mizuho Financial Group Stock Up 1.9%

MFG stock opened at $6.6050 on Monday. The company’s 50 day moving average price is $5.85 and its 200 day moving average price is $5.52. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.96 and a current ratio of 0.96. Mizuho Financial Group, Inc. has a fifty-two week low of $3.91 and a fifty-two week high of $6.79. The firm has a market capitalization of $83.20 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 0.88 and a beta of 0.39.

Mizuho Financial Group (NYSE:MFG) last released its earnings results on Thursday, July 31st. The bank reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.42 billion. Mizuho Financial Group had a net margin of 10.16% and a return on equity of 8.48%. 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.