Fisher Asset Management LLC Cuts Stock Position in Mizuho Financial Group, Inc. (NYSE:MFG)

Fisher Asset Management LLC reduced its position in Mizuho Financial Group, Inc. (NYSE:MFG) by 4.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 239,078 shares of the bank’s stock after selling 11,957 shares during the quarter. Fisher Asset Management LLC’s holdings in Mizuho Financial Group were worth $1,169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its stake in shares of Mizuho Financial Group by 31.0% in the 3rd quarter. FMR LLC now owns 17,622,960 shares of the bank’s stock valued at $73,664,000 after acquiring an additional 4,167,234 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Mizuho Financial Group by 351.2% in the 3rd quarter. Natixis Advisors LLC now owns 3,355,910 shares of the bank’s stock valued at $14,028,000 after acquiring an additional 2,612,204 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Mizuho Financial Group by 21.0% in the 4th quarter. Bank of New York Mellon Corp now owns 831,018 shares of the bank’s stock valued at $4,064,000 after acquiring an additional 144,353 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Mizuho Financial Group by 11.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 793,629 shares of the bank’s stock valued at $3,317,000 after acquiring an additional 83,655 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Mizuho Financial Group by 1.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 734,905 shares of the bank’s stock valued at $3,593,000 after acquiring an additional 9,528 shares during the last quarter. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Mizuho Financial Group Trading Up 1.5 %

NYSE MFG opened at $5.75 on Thursday. Mizuho Financial Group, Inc. has a 1-year low of $3.45 and a 1-year high of $5.91. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39. The stock has a 50-day moving average of $5.34 and a 200-day moving average of $4.76. The firm has a market cap of $72.80 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 0.76 and a beta of 0.45.

Mizuho Financial Group (NYSE:MFG) last released its earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share for the quarter, beating 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%. As a group, sell-side analysts forecast that Mizuho Financial Group, Inc. will post 0.42 EPS for the current 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.