Mizuho Financial Group, Inc. (NYSE:MFG) Shares Bought by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC grew its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 15.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 239,066 shares of the bank’s stock after purchasing an additional 32,797 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Mizuho Financial Group were worth $1,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in Mizuho Financial Group by 31.0% during the third quarter. FMR LLC now owns 17,622,960 shares of the bank’s stock worth $73,664,000 after purchasing an additional 4,167,234 shares in the last quarter. Natixis Advisors LLC raised its holdings in Mizuho Financial Group by 351.2% during the third quarter. Natixis Advisors LLC now owns 3,355,910 shares of the bank’s stock worth $14,028,000 after purchasing an additional 2,612,204 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Mizuho Financial Group by 20.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 952,107 shares of the bank’s stock worth $4,656,000 after purchasing an additional 158,478 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Mizuho Financial Group by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 831,018 shares of the bank’s stock worth $4,064,000 after purchasing an additional 144,353 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in Mizuho Financial Group by 1.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 734,905 shares of the bank’s stock worth $3,593,000 after purchasing an additional 9,528 shares in the last quarter. Institutional investors and hedge funds own 3.26% of the company’s stock.

Mizuho Financial Group Stock Performance

Shares of Mizuho Financial Group stock opened at $5.75 on Thursday. The firm’s fifty day simple moving average is $5.34 and its 200-day simple moving average is $4.76. The stock has a market capitalization of $72.80 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 0.76 and a beta of 0.45. Mizuho Financial Group, Inc. has a 12 month low of $3.45 and a 12 month high of $5.91. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.96.

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