Mizuho Financial Group, Inc. $MFG Stock Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP boosted its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 84.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,433,017 shares of the bank’s stock after buying an additional 3,406,701 shares during the period. Artemis Investment Management LLP’s holdings in Mizuho Financial Group were worth $82,135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MFG. V Square Quantitative Management LLC purchased a new stake in shares of Mizuho Financial Group in the first quarter worth approximately $34,000. Grove Bank & Trust bought a new position in Mizuho Financial Group in the second quarter worth about $49,000. Manchester Capital Management LLC lifted its position in Mizuho Financial Group by 689.7% during the fourth quarter. Manchester Capital Management LLC now owns 10,243 shares of the bank’s stock valued at $75,000 after acquiring an additional 8,946 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Mizuho Financial Group by 16.2% in the 1st quarter. Fifth Third Bancorp now owns 9,577 shares of the bank’s stock worth $76,000 after purchasing an additional 1,338 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Mizuho Financial Group in the 4th quarter valued at approximately $79,000. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Mizuho Financial Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Mizuho Financial Group Trading Down 1.5%

Shares of MFG stock traded down $0.16 on Thursday, hitting $10.61. 1,774,813 shares of the stock traded hands, compared to its average volume of 4,054,169. The stock has a market capitalization of $131.08 billion, a PE ratio of 12.91, a PEG ratio of 0.74 and a beta of 0.48. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.93 and a current ratio of 0.93. The firm’s 50-day moving average price is $10.79 and its two-hundred day moving average price is $9.76. Mizuho Financial Group, Inc. has a twelve month low of $6.09 and a twelve month high of $11.49.

Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings results on Thursday, July 30th. The bank reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. Mizuho Financial Group had a return on equity of 12.82% and a net margin of 17.15%.The company had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $5.51 billion. As a group, analysts anticipate that Mizuho Financial Group, Inc. will post 0.75 EPS for the current year.

Mizuho Financial Group Profile

Mizuho Financial Group, Inc is a Japan-based financial services holding company and one of Japan’s major banking groups. Through its subsidiaries, the company provides a broad range of services to individuals, businesses, institutional investors and government-related entities.

Its principal businesses include commercial and retail banking, corporate and investment banking, trust banking, securities, asset management, private banking and other financial services. Key subsidiaries include Mizuho Bank, Mizuho Trust & Banking and Mizuho Securities, which offer deposits, lending, payments, capital markets services, investment products, advisory services and trust-related solutions.

Mizuho serves customers throughout Japan and maintains an international network supporting cross-border banking, finance and capital markets activities across the Americas, Europe, the Middle East, Africa and the Asia-Pacific region.