Wells Fargo & Company MN Has $14.86 Million Stock Holdings in Mizuho Financial Group, Inc. (NYSE:MFG)

Wells Fargo & Company MN raised its stake in Mizuho Financial Group, Inc. (NYSE:MFG) by 48.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,038,291 shares of the bank’s stock after purchasing an additional 992,900 shares during the period. Wells Fargo & Company MN’s holdings in Mizuho Financial Group were worth $14,857,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its position in Mizuho Financial Group by 19.3% during the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock worth $60,000 after acquiring an additional 1,998 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Mizuho Financial Group by 10.8% during the 4th quarter. Farther Finance Advisors LLC now owns 21,129 shares of the bank’s stock worth $103,000 after purchasing an additional 2,054 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in Mizuho Financial Group by 6.7% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 34,890 shares of the bank’s stock valued at $171,000 after purchasing an additional 2,188 shares during the period. Lake Street Advisors Group LLC boosted its stake in Mizuho Financial Group by 4.4% in the 4th quarter. Lake Street Advisors Group LLC now owns 52,243 shares of the bank’s stock valued at $255,000 after purchasing an additional 2,210 shares during the period. Finally, Rhumbline Advisers increased its position in Mizuho Financial Group by 0.7% during the 4th quarter. Rhumbline Advisers now owns 330,565 shares of the bank’s stock worth $1,616,000 after buying an additional 2,268 shares during the period. Institutional investors and hedge funds own 3.26% of the company’s stock.

Mizuho Financial Group Stock Up 2.2 %

MFG opened at $4.75 on Tuesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a fifty day moving average of $5.46 and a 200-day moving average of $5.01. Mizuho Financial Group, Inc. has a fifty-two week low of $3.45 and a fifty-two week high of $6.08. The company has a market capitalization of $60.19 billion, a P/E ratio of 11.88, a P/E/G ratio of 0.76 and a beta of 0.33.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings data 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%. On average, equities analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Mizuho Financial Group 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.