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

American Century Companies Inc. increased its stake in Mizuho Financial Group, Inc. (NYSE:MFG) by 33.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,821,302 shares of the bank’s stock after purchasing an additional 961,303 shares during the quarter. American Century Companies Inc.’s holdings in Mizuho Financial Group were worth $25,603,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Salomon & Ludwin LLC grew its holdings in Mizuho Financial Group by 2,673.3% during the third quarter. Salomon & Ludwin LLC now owns 4,160 shares of the bank’s stock valued at $27,000 after purchasing an additional 4,010 shares during the period. True Wealth Design LLC bought a new stake in shares of Mizuho Financial Group in the third quarter valued at $28,000. Bessemer Group Inc. lifted its position in shares of Mizuho Financial Group by 38.6% during the 3rd quarter. Bessemer Group Inc. now owns 7,901 shares of the bank’s stock valued at $54,000 after buying an additional 2,201 shares during the last quarter. Brighton Jones LLC grew its stake in shares of Mizuho Financial Group by 19.3% during the 4th 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 period. Finally, MAI Capital Management grew its stake in shares of Mizuho Financial Group by 385.9% during the 2nd quarter. MAI Capital Management now owns 11,331 shares of the bank’s stock worth $63,000 after acquiring an additional 8,999 shares during the period. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Analyst Ratings Changes

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

Mizuho Financial Group Price Performance

Shares of NYSE MFG opened at $8.06 on Monday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.96 and a current ratio of 0.97. 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 cap of $100.17 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.63 and a beta of 0.36. The stock has a fifty day moving average of $8.63 and a 200-day moving average of $7.42.

Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings data on Monday, February 2nd. The bank reported $0.16 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $5.58 billion. Equities research analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current 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.