Raymond James Financial Inc. Invests $5.95 Million in Mizuho Financial Group, Inc. (NYSE:MFG)

Raymond James Financial Inc. purchased a new stake in Mizuho Financial Group, Inc. (NYSE:MFG) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,216,930 shares of the bank’s stock, valued at approximately $5,951,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 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 period. Wilmington Savings Fund Society FSB purchased a new position in shares of Mizuho Financial Group during the third quarter worth about $25,000. TD Private Client Wealth LLC increased its position in Mizuho Financial Group by 683.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank’s stock valued at $35,000 after acquiring an additional 7,345 shares during the period. CogentBlue Wealth Advisors LLC purchased a new stake in Mizuho Financial Group during the 4th quarter valued at approximately $50,000. Finally, Sierra Ocean LLC purchased a new stake in Mizuho Financial Group during the 4th quarter valued at approximately $55,000. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Trading Down 2.2 %

Shares of MFG stock opened at $5.91 on Tuesday. The company has a market capitalization of $74.83 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 0.76 and a beta of 0.39. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39. The business’s 50 day moving average is $5.55 and its two-hundred day moving average is $4.90. Mizuho Financial Group, Inc. has a twelve month low of $3.45 and a twelve month high of $6.08.

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