Point72 Asset Management L.P. Acquires 545,446 Shares of Mizuho Financial Group, Inc. (NYSE:MFG)

Point72 Asset Management L.P. grew its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 2,151.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 570,800 shares of the bank's stock after purchasing an additional 545,446 shares during the quarter. Point72 Asset Management L.P.'s holdings in Mizuho Financial Group were worth $2,386,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MFG. FMR LLC increased its stake in Mizuho Financial Group by 31.0% during the 3rd quarter. FMR LLC now owns 17,622,960 shares of the bank's stock worth $73,664,000 after buying an additional 4,167,234 shares during the period. Natixis Advisors LLC boosted its position in Mizuho Financial Group by 351.2% during the 3rd quarter. Natixis Advisors LLC now owns 3,355,910 shares of the bank's stock valued at $14,028,000 after purchasing an additional 2,612,204 shares during the period. American Century Companies Inc. grew its position in shares of Mizuho Financial Group by 10.9% during the second quarter. American Century Companies Inc. now owns 2,391,343 shares of the bank's stock worth $10,115,000 after acquiring an additional 234,972 shares during the last quarter. Creative Planning increased its stake in shares of Mizuho Financial Group by 8.8% in the third quarter. Creative Planning now owns 803,259 shares of the bank's stock valued at $3,358,000 after purchasing an additional 65,185 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Mizuho Financial Group by 11.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 793,629 shares of the bank's stock valued at $3,317,000 after buying an additional 83,655 shares during the period. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Mizuho Financial Group Stock Performance

Shares of NYSE MFG remained flat at $5.07 during trading on Tuesday. The company's stock had a trading volume of 317,697 shares, compared to its average volume of 1,273,163. The firm has a 50 day moving average of $4.53 and a 200-day moving average of $4.27. Mizuho Financial Group, Inc. has a 52 week low of $3.27 and a 52 week high of $5.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $64.25 billion, a P/E ratio of 13.72, a P/E/G ratio of 0.90 and a beta of 0.43.

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.