Mizuho Financial Group, Inc. (NYSE:MFG) Short Interest Update

Mizuho Financial Group, Inc. (NYSE:MFG) was the recipient of a large decrease in short interest in January. As of January 30th, there was short interest totaling 1,788,289 shares, a decrease of 32.8% from the January 15th total of 2,661,754 shares. Based on an average trading volume of 4,886,534 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 4,886,534 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Mizuho Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in MFG. Salomon & Ludwin LLC grew its position in shares of Mizuho Financial Group by 2,673.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 4,160 shares of the bank’s stock valued at $27,000 after acquiring an additional 4,010 shares during the period. True Wealth Design LLC bought a new stake in Mizuho Financial Group in the 3rd quarter valued at about $28,000. Parkside Financial Bank & Trust grew its position in Mizuho Financial Group by 72.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock worth $32,000 after buying an additional 1,825 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in Mizuho Financial Group by 351.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 4,524 shares of the bank’s stock valued at $33,000 after buying an additional 3,522 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in Mizuho Financial Group during the fourth quarter worth $49,000. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Mizuho Financial Group Price Performance

MFG stock traded down $0.12 during midday trading on Friday, reaching $9.91. 13,020,417 shares of the company’s stock traded hands, compared to its average volume of 5,031,150. The company has a 50-day simple moving average of $8.17 and a two-hundred day simple moving average of $7.15. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.72. Mizuho Financial Group has a 1-year low of $4.04 and a 1-year high of $10.28. The company has a market cap of $123.09 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 0.78 and a beta of 0.37.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings data on Monday, February 2nd. The bank reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $5.58 billion. Mizuho Financial Group had a return on equity of 9.23% and a net margin of 12.31%. On average, analysts anticipate that Mizuho Financial Group will post 0.42 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Mizuho Financial Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.