Pitcairn Co. Increases Stock Position in Mizuho Financial Group, Inc. (NYSE:MFG)

Pitcairn Co. increased its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,000 shares of the bank’s stock after buying an additional 2,784 shares during the period. Pitcairn Co.’s holdings in Mizuho Financial Group were worth $367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in 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 purchasing an additional 1,998 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Mizuho Financial Group by 10.8% in the fourth quarter. Farther Finance Advisors LLC now owns 21,129 shares of the bank’s stock valued at $103,000 after acquiring an additional 2,054 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in Mizuho Financial Group by 6.7% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 34,890 shares of the bank’s stock valued at $171,000 after acquiring an additional 2,188 shares in the last quarter. Lake Street Advisors Group LLC boosted its stake in Mizuho Financial Group by 4.4% during the 4th quarter. Lake Street Advisors Group LLC now owns 52,243 shares of the bank’s stock valued at $255,000 after acquiring an additional 2,210 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Mizuho Financial Group by 0.7% during the 4th quarter. Rhumbline Advisers now owns 330,565 shares of the bank’s stock worth $1,616,000 after acquiring an additional 2,268 shares in the last quarter. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Stock Performance

Shares of Mizuho Financial Group stock opened at $4.25 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.96 and a current ratio of 0.97. Mizuho Financial Group, Inc. has a 1 year low of $3.45 and a 1 year high of $6.08. The firm’s 50-day simple moving average is $5.61 and its 200-day simple moving average is $4.99. The firm has a market cap of $53.79 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 0.76 and a beta of 0.33.

Mizuho Financial Group (NYSE:MFG) last released its earnings results on Monday, February 3rd. The bank reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Mizuho Financial Group had a return on equity of 8.56% and a net margin of 7.85%. Equities analysts forecast that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current fiscal year.

Mizuho Financial Group 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.