ABC Arbitrage SA Takes Position in Mizuho Financial Group, Inc. (NYSE:MFG)

ABC Arbitrage SA acquired a new position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 185,886 shares of the bank’s stock, valued at approximately $909,000.

Several other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Mizuho Financial Group by 10.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 98,798 shares of the bank’s stock worth $489,000 after acquiring an additional 9,585 shares in the last quarter. New Republic Capital LLC increased its stake in Mizuho Financial Group by 74.5% during the 4th quarter. New Republic Capital LLC now owns 18,327 shares of the bank’s stock valued at $90,000 after purchasing an additional 7,826 shares in the last quarter. XY Capital Ltd acquired a new position in Mizuho Financial Group during the 4th quarter valued at approximately $575,000. Savant Capital LLC increased its stake in Mizuho Financial Group by 85.6% during the 4th quarter. Savant Capital LLC now owns 27,787 shares of the bank’s stock valued at $136,000 after purchasing an additional 12,812 shares in the last quarter. Finally, Adero Partners LLC increased its stake in Mizuho Financial Group by 30.6% during the 4th quarter. Adero Partners LLC now owns 18,428 shares of the bank’s stock valued at $90,000 after purchasing an additional 4,323 shares in the last quarter. Institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Trading Up 2.4 %

Shares of Mizuho Financial Group stock opened at $5.74 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39. Mizuho Financial Group, Inc. has a 12-month low of $3.45 and a 12-month high of $5.76. The firm has a market capitalization of $72.68 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 0.97 and a beta of 0.45. The firm’s 50 day simple moving average is $5.14 and its two-hundred day simple moving average is $4.60.

Mizuho Financial Group (NYSE:MFG) last issued its quarterly earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share (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%. Analysts predict that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

About Mizuho Financial Group

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.