Lake Street Advisors Group LLC Grows Position in Mizuho Financial Group, Inc. (NYSE:MFG)

Lake Street Advisors Group LLC increased its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 4.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 52,243 shares of the bank’s stock after buying an additional 2,210 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Mizuho Financial Group were worth $255,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in Mizuho Financial Group in the third quarter valued at approximately $25,000. Spire Wealth Management increased its stake in Mizuho Financial Group by 377.8% in the fourth quarter. Spire Wealth Management now owns 5,504 shares of the bank’s stock valued at $27,000 after purchasing an additional 4,352 shares during the last quarter. TD Private Client Wealth LLC increased its stake in Mizuho Financial Group by 683.9% in the third quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank’s stock valued at $35,000 after purchasing an additional 7,345 shares during the last quarter. CogentBlue Wealth Advisors LLC purchased a new position in Mizuho Financial Group in the fourth quarter valued at approximately $50,000. Finally, Sierra Ocean LLC purchased a new position in Mizuho Financial Group in the fourth quarter valued at approximately $55,000. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Mizuho Financial Group Stock Performance

Shares of Mizuho Financial Group stock opened at $5.63 on Friday. The firm has a market capitalization of $71.28 billion, a P/E ratio of 14.06, a P/E/G ratio of 0.76 and a beta of 0.45. Mizuho Financial Group, Inc. has a 52 week low of $3.45 and a 52 week high of $5.91. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.39. The firm’s 50 day moving average is $5.29 and its two-hundred day moving average is $4.72.

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