Caprock Group LLC Buys Shares of 137,478 Mizuho Financial Group, Inc. $MFG

Caprock Group LLC purchased a new position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 137,478 shares of the bank’s stock, valued at approximately $907,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Salomon & Ludwin LLC boosted its stake in Mizuho Financial Group by 2,673.3% in the third quarter. Salomon & Ludwin LLC now owns 4,160 shares of the bank’s stock valued at $27,000 after acquiring an additional 4,010 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of Mizuho Financial Group in the 3rd quarter valued at $28,000. Bessemer Group Inc. lifted its stake in shares of Mizuho Financial Group by 38.6% in the 3rd quarter. Bessemer Group Inc. now owns 7,901 shares of the bank’s stock valued at $54,000 after purchasing an additional 2,201 shares during the period. Jackson Thornton Wealth Management LLC bought a new position in shares of Mizuho Financial Group in the 2nd quarter worth $59,000. Finally, Brighton Jones LLC grew its stake in shares of Mizuho Financial Group by 19.3% during the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock worth $60,000 after purchasing an additional 1,998 shares during the period. 3.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Mizuho Financial Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Mizuho Financial Group presently has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Trading Down 1.1%

NYSE:MFG opened at $9.91 on Monday. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.97 and a quick ratio of 0.96. The business’s 50-day simple moving average is $8.17 and its 200-day simple moving average is $7.15. Mizuho Financial Group, Inc. has a fifty-two week low of $4.04 and a fifty-two week high of $10.28. The stock has a market capitalization of $123.09 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 0.78 and a beta of 0.37.

Mizuho Financial Group (NYSE:MFG) last posted its earnings results on Monday, February 2nd. The bank reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Mizuho Financial Group had a return on equity of 9.23% and a net margin of 12.31%.The business had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $5.58 billion. Sell-side analysts expect that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current fiscal year.

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.