Bailard Inc. Purchases Shares of 136,113 Mizuho Financial Group, Inc. $MFG

Bailard Inc. acquired a new stake in Mizuho Financial Group, Inc. (NYSE:MFG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 136,113 shares of the bank’s stock, valued at approximately $912,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sage Mountain Advisors LLC grew its stake in shares of Mizuho Financial Group by 24.7% in the third quarter. Sage Mountain Advisors LLC now owns 36,009 shares of the bank’s stock worth $241,000 after purchasing an additional 7,135 shares during the last quarter. Dynasty Wealth Management LLC purchased a new stake in Mizuho Financial Group in the 3rd quarter worth approximately $152,000. Jackson Thornton Wealth Management LLC grew its position in shares of Mizuho Financial Group by 44.7% in the 3rd quarter. Jackson Thornton Wealth Management LLC now owns 15,520 shares of the bank’s stock worth $100,000 after buying an additional 4,797 shares during the last quarter. Inscription Capital LLC bought a new stake in shares of Mizuho Financial Group in the 3rd quarter worth approximately $78,000. Finally, Arkadios Wealth Advisors purchased a new position in shares of Mizuho Financial Group during the third quarter valued at approximately $154,000. 3.26% of the stock is owned by institutional investors.

Mizuho Financial Group Stock Down 0.8%

NYSE:MFG opened at $8.38 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s 50-day moving average price is $7.46 and its 200-day moving average price is $6.74. The company has a market capitalization of $104.14 billion, a PE ratio of 15.24, a P/E/G ratio of 0.72 and a beta of 0.36. Mizuho Financial Group, Inc. has a 1-year low of $4.04 and a 1-year high of $8.62.

Mizuho Financial Group (NYSE:MFG) last issued its quarterly earnings results on Friday, November 28th. The bank reported ($1.61) earnings per share (EPS) for the quarter. The business had revenue of $7.53 billion for the quarter. Mizuho Financial Group had a net margin of 11.57% and a return on equity of 9.20%. On average, equities analysts predict that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Mizuho Financial Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

About Mizuho Financial Group

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.