ERn Financial LLC Makes New Investment in Mizuho Financial Group, Inc. (NYSE:MFG)

ERn Financial LLC bought a new position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,951 shares of the bank’s stock, valued at approximately $46,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in Mizuho Financial Group by 4.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 12,482,281 shares of the bank’s stock worth $42,939,000 after buying an additional 488,978 shares during the period. American Century Companies Inc. grew its position in shares of Mizuho Financial Group by 10.9% during the second quarter. American Century Companies Inc. now owns 2,391,343 shares of the bank’s stock worth $10,115,000 after acquiring an additional 234,972 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Mizuho Financial Group by 139.4% in the 2nd quarter. AQR Capital Management LLC now owns 225,432 shares of the bank’s stock valued at $954,000 after acquiring an additional 131,271 shares during the period. Ritholtz Wealth Management raised its position in Mizuho Financial Group by 645.5% in the 2nd quarter. Ritholtz Wealth Management now owns 115,389 shares of the bank’s stock valued at $488,000 after purchasing an additional 99,911 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Mizuho Financial Group during the 2nd quarter worth $387,000. 3.26% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Trading Up 2.1 %

Shares of Mizuho Financial Group stock opened at $4.22 on Thursday. The company’s fifty day moving average is $4.12 and its two-hundred day moving average is $4.08. Mizuho Financial Group, Inc. has a 1 year low of $3.14 and a 1 year high of $4.63. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $53.41 billion, a P/E ratio of 14.05, a PEG ratio of 0.67 and a beta of 0.39.

Mizuho Financial Group (NYSE:MFG) last issued its quarterly earnings results on Wednesday, July 31st. The bank reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. Mizuho Financial Group had a return on equity of 6.64% and a net margin of 6.38%. The firm had revenue of $15.27 billion for the quarter. Analysts forecast that Mizuho Financial Group, Inc. will post 0.44 earnings per share 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.