Mizuho Financial Group, Inc. $MFG Shares Sold by Royal Bank of Canada

Royal Bank of Canada trimmed its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 73.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,172 shares of the bank’s stock after selling 361,270 shares during the quarter. Royal Bank of Canada’s holdings in Mizuho Financial Group were worth $1,042,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MFG. Parkside Financial Bank & Trust increased its stake in Mizuho Financial Group by 72.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock worth $32,000 after purchasing an additional 1,825 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of Mizuho Financial Group by 351.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 4,524 shares of the bank’s stock valued at $33,000 after purchasing an additional 3,522 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Mizuho Financial Group in the first quarter valued at approximately $34,000. Kestra Advisory Services LLC acquired a new position in shares of Mizuho Financial Group in the fourth quarter valued at approximately $49,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Mizuho Financial Group in the fourth quarter valued at approximately $54,000. 3.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Mizuho Financial Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Mizuho Financial Group Trading Up 1.6%

MFG opened at $10.29 on Friday. Mizuho Financial Group, Inc. has a 12 month low of $6.09 and a 12 month high of $11.06. The stock has a market capitalization of $127.09 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 0.81 and a beta of 0.45. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.93 and a quick ratio of 0.93. The business has a fifty day moving average price of $10.26 and a 200 day moving average price of $9.26.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings results on Thursday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The company had revenue of $8.55 billion for the quarter, compared to analyst estimates of $5.51 billion. Mizuho Financial Group had a return on equity of 12.82% and a net margin of 17.15%. Sell-side analysts expect that Mizuho Financial Group, Inc. will post 0.73 earnings per share for the current fiscal year.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.