Atomi Financial Group Inc. Raises Stock Holdings in Mizuho Financial Group, Inc. (NYSE:MFG)

Atomi Financial Group Inc. grew its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 24.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,879 shares of the bank’s stock after buying an additional 16,724 shares during the period. Atomi Financial Group Inc.’s holdings in Mizuho Financial Group were worth $334,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its position in shares of Mizuho Financial Group by 4.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 12,482,281 shares of the bank’s stock worth $42,939,000 after purchasing an additional 488,978 shares in the last quarter. American Century Companies Inc. raised its position in shares of Mizuho Financial Group by 7.1% during the third quarter. American Century Companies Inc. now owns 1,635,521 shares of the bank’s stock valued at $5,610,000 after buying an additional 108,733 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Mizuho Financial Group by 10.6% in the fourth quarter. QRG Capital Management Inc. now owns 562,441 shares of the bank’s stock worth $1,935,000 after buying an additional 53,938 shares in the last quarter. Augustine Asset Management Inc. bought a new position in shares of Mizuho Financial Group during the fourth quarter worth $1,576,000. Finally, Georgetown University grew its stake in Mizuho Financial Group by 1.4% during the fourth quarter. Georgetown University now owns 452,003 shares of the bank’s stock valued at $1,555,000 after acquiring an additional 6,399 shares in the last quarter. 3.26% of the stock is currently owned by institutional investors.

Mizuho Financial Group Price Performance

MFG stock traded down $0.01 during mid-day trading on Monday, hitting $4.33. The company had a trading volume of 160,234 shares, compared to its average volume of 936,612. The company has a 50-day moving average price of $4.07 and a 200 day moving average price of $3.87. Mizuho Financial Group, Inc. has a 12-month low of $3.09 and a 12-month high of $4.40. The company has a market capitalization of $54.87 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 0.87 and a beta of 0.39. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.56.

Mizuho Financial Group (NYSE:MFG) last posted its earnings results on Wednesday, May 15th. The bank reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.07). Mizuho Financial Group had a return on equity of 5.23% and a net margin of 6.45%. The firm had revenue of $17.41 billion during the quarter. On average, research analysts anticipate that Mizuho Financial Group, Inc. will post 0.37 earnings per share 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.