Pitcairn Co. Purchases Shares of 62,297 Mizuho Financial Group, Inc. (NYSE:MFG)

Pitcairn Co. purchased a new stake in Mizuho Financial Group, Inc. (NYSE:MFG) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 62,297 shares of the bank’s stock, valued at approximately $248,000.

Several other institutional investors also recently bought and sold shares of the business. Tower Research Capital LLC TRC acquired a new stake in shares of Mizuho Financial Group during the 4th quarter worth $25,000. Perigon Wealth Management LLC acquired a new stake in shares of Mizuho Financial Group during the 1st quarter worth $41,000. Russell Investments Group Ltd. increased its holdings in shares of Mizuho Financial Group by 144.3% during the 4th quarter. Russell Investments Group Ltd. now owns 10,308 shares of the bank’s stock worth $35,000 after buying an additional 6,088 shares during the last quarter. Summit Trail Advisors LLC acquired a new stake in shares of Mizuho Financial Group during the 4th quarter worth $36,000. Finally, PFW Advisors LLC acquired a new stake in shares of Mizuho Financial Group during the 1st quarter worth $42,000. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Mizuho Financial Group Trading Down 3.2 %

MFG stock opened at $4.27 on Friday. The company has a market cap of $54.11 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 0.84 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. The business has a fifty day simple moving average of $4.15 and a 200-day simple moving average of $3.93. Mizuho Financial Group, Inc. has a 52 week low of $3.09 and a 52 week high of $4.50.

Mizuho Financial Group (NYSE:MFG) last announced its quarterly earnings results on Wednesday, May 15th. The bank reported ($0.05) earnings per share 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 business had revenue of $17.41 billion for the quarter. On average, equities research analysts expect that Mizuho Financial Group, Inc. will post 0.39 EPS 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.