HighTower Advisors LLC Raises Stock Holdings in Mizuho Financial Group, Inc. (NYSE:MFG)

HighTower Advisors LLC boosted its position in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 28.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 332,302 shares of the bank's stock after purchasing an additional 73,573 shares during the quarter. HighTower Advisors LLC's holdings in Mizuho Financial Group were worth $1,625,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Mizuho Financial Group by 19.3% in the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank's stock valued at $60,000 after purchasing an additional 1,998 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its holdings 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 buying an additional 2,188 shares in the last quarter. Lake Street Advisors Group LLC increased its stake in shares of 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 worth $255,000 after acquiring an additional 2,210 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of 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 acquiring an additional 2,268 shares during the period. Finally, Lindbrook Capital LLC boosted its position in shares of Mizuho Financial Group by 11.9% during the 4th quarter. Lindbrook Capital LLC now owns 22,001 shares of the bank's stock valued at $108,000 after acquiring an additional 2,336 shares during the last quarter. Hedge funds and other institutional investors own 3.26% of the company's stock.

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Mizuho Financial Group Trading Down 3.5 %

Mizuho Financial Group stock traded down $0.21 during midday trading on Friday, hitting $5.68. 1,463,008 shares of the stock were exchanged, compared to its average volume of 1,350,761. 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 stock's 50-day simple moving average is $5.60 and its 200 day simple moving average is $4.93. Mizuho Financial Group, Inc. has a fifty-two week low of $3.45 and a fifty-two week high of $6.08. The stock has a market capitalization of $71.92 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 0.76 and a beta of 0.39.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share (EPS) for the quarter, topping 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 anticipate 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.