Mizuho Financial Group, Inc. (NYSE:MFG) Position strengthened by Ieq Capital LLC


Ieq Capital LLC increased its stake in Mizuho Financial Group, Inc. (NYSE: MFG – Get Rating) by 372.5% in the first quarter, HoldingsChannel.com reports. The institutional investor held 62,247 shares of the bank after purchasing an additional 49,072 shares during the quarter. Ieq Capital LLC’s holdings in Mizuho Financial Group were worth $160,000 when it last filed with the Securities and Exchange Commission (SEC).

A number of other hedge funds also changed their holdings in MFG. Signaturefd LLC increased its holdings in Mizuho Financial Group by 42.0% in Q4. Signaturefd LLC now owns 61,671 shares of the bank worth $157,000 after purchasing an additional 18,245 shares last quarter. Optas LLC bought a new position in Mizuho Financial Group in Q4 for a value of approximately $50,000. Bessemer Group Inc. increased its stake in Mizuho Financial Group by 113.6% in the 4th quarter. Bessemer Group Inc. now owns 41,579 shares of the bank worth $106,000 after purchasing an additional 22,112 shares last quarter. Yousif Capital Management LLC bought a new position in Mizuho Financial Group in Q4 for a value of approximately $502,000. Finally, Morningstar Investment Services LLC increased its stake in Mizuho Financial Group by 7.6% during the 4th quarter. Morningstar Investment Services LLC now owns 64,652 shares of the bank valued at $165,000 after buying 4,579 additional shares last quarter. 1.66% of the shares are held by institutional investors and hedge funds.

A number of brokerages have published reports on MFG. Bank of America downgraded Mizuho Financial Group from a “buy” rating to a “neutral” rating in a Thursday, June 23 research rating. StockNews.com supported coverage of Mizuho Financial Group in a Thursday, March 31 research note. They set a “holding” rating for the company. Finally, Goldman Sachs Group assumed cover for Mizuho Financial Group in a Wednesday, April 27 research note. They set a “neutral” rating for the company.

MFG opened at $2.24 on Friday. The company has a market capitalization of $28.40 billion, a PE ratio of 5.89, a P/E/G ratio of 0.70 and a beta of 0.53. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt ratio of 1.33. The company has a fifty-day simple moving average of $2.29 and a 200-day simple moving average of $2.53. Mizuho Financial Group, Inc. has a fifty-two-week low of $2.15 and a fifty-two-week high of $3.04.

Mizuho Financial Group (NYSE:MFG – Get Rating) last released quarterly earnings data on Friday, May 13. The bank reported earnings per share of $0.05 for the quarter. The company had revenue of $13.92 billion in the quarter. Mizuho Financial Group achieved a return on equity of 5.14% and a net margin of 13.64%. On average, equity research analysts expect Mizuho Financial Group, Inc. to post EPS of 0.34 for the current fiscal year.

About Mizuho Financial Group (Get a rating)

Mizuho Financial Group, Inc, together with its subsidiaries, is engaged in banking, trust, securities and other financial services-related businesses in Japan, America, Europe, Asia/Oceania and internationally. It operates through five segments: Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company and Asset Management Company.

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Want to see what other hedge funds hold MFG? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Mizuho Financial Group, Inc. (NYSE:MFG – Get Rating).

Institutional ownership by quarter for Mizuho Financial Group (NYSE:MFG)



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