Forum Financial Management LP Purchases 90,960 Shares of Mizuho Financial Group, Inc. (NYSE:MFG)

Forum Financial Management LP raised its position in Mizuho Financial Group, Inc. (NYSE:MFG) by 33.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 364,094 shares of the bank’s stock after acquiring an additional 90,960 shares during the quarter. Forum Financial Management LP’s holdings in Mizuho Financial Group were worth $1,780,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in Mizuho Financial Group by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 831,018 shares of the bank’s stock worth $4,064,000 after buying an additional 144,353 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Mizuho Financial Group by 20.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 952,107 shares of the bank’s stock worth $4,656,000 after acquiring an additional 158,478 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of Mizuho Financial Group by 48.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 624,582 shares of the bank’s stock worth $3,054,000 after purchasing an additional 202,958 shares in the last quarter. Northern Trust Corp grew its position in shares of Mizuho Financial Group by 86.1% during the fourth quarter. Northern Trust Corp now owns 9,743,983 shares of the bank’s stock worth $47,648,000 after purchasing an additional 4,508,649 shares in the last quarter. Finally, XY Capital Ltd purchased a new stake in shares of Mizuho Financial Group during the fourth quarter worth about $575,000. Institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Stock Performance

NYSE:MFG opened at $5.43 on Friday. The stock has a market capitalization of $68.40 billion, a P/E ratio of 13.58, a P/E/G ratio of 0.76 and a beta of 0.38. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39. Mizuho Financial Group, Inc. has a 12-month low of $3.45 and a 12-month high of $6.08. The stock has a 50-day moving average price of $5.10 and a 200 day moving average price of $5.17.

Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings data on Thursday, May 15th. The bank reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The firm had revenue of $12.84 billion for the quarter, compared to analysts’ expectations of $5.38 billion. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. Equities research analysts forecast that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal 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.