Mizuho Financial Group, Inc. (NYSE:MFG) Shares Bought by Lido Advisors LLC

Lido Advisors LLC grew its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,798 shares of the bank’s stock after purchasing an additional 2,249 shares during the period. Lido Advisors LLC’s holdings in Mizuho Financial Group were worth $131,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Northern Trust Corp increased its stake in Mizuho Financial Group by 86.1% during the 4th quarter. Northern Trust Corp now owns 9,743,983 shares of the bank’s stock worth $47,648,000 after buying an additional 4,508,649 shares during the period. Raymond James Financial Inc. acquired a new stake in Mizuho Financial Group during the 4th quarter worth approximately $5,951,000. Wells Fargo & Company MN lifted its position in Mizuho Financial Group by 48.5% during the 4th quarter. Wells Fargo & Company MN now owns 3,038,291 shares of the bank’s stock worth $14,857,000 after acquiring an additional 992,900 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Mizuho Financial Group by 16.5% in the fourth quarter. Renaissance Technologies LLC now owns 3,020,703 shares of the bank’s stock valued at $14,771,000 after purchasing an additional 427,400 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of Mizuho Financial Group in the fourth quarter valued at approximately $1,977,000. Institutional investors and hedge funds own 3.26% of the company’s stock.

Mizuho Financial Group Stock Performance

Shares of MFG opened at $4.90 on Wednesday. Mizuho Financial Group, Inc. has a 1 year low of $3.45 and a 1 year high of $6.08. The stock has a market capitalization of $61.66 billion, a P/E ratio of 12.24, a P/E/G ratio of 0.76 and a beta of 0.38. 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 company’s fifty day moving average is $5.22 and its two-hundred day moving average is $5.09.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings results on Monday, February 3rd. The bank reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. Mizuho Financial Group had a return on equity of 8.56% and a net margin of 7.85%. On average, sell-side analysts predict that Mizuho Financial Group, Inc. will post 0.42 earnings per share 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.