CIBC Bancorp USA Inc. Buys Shares of 7,769,789 Mizuho Financial Group, Inc. $MFG

CIBC Bancorp USA Inc. purchased a new position in Mizuho Financial Group, Inc. (NYSE:MFG) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 7,769,789 shares of the bank’s stock, valued at approximately $52,058,000.

A number of other institutional investors have also made changes to their positions in the stock. NewEdge Advisors LLC lifted its stake in Mizuho Financial Group by 18,051.6% in the third quarter. NewEdge Advisors LLC now owns 11,254 shares of the bank’s stock valued at $75,000 after buying an additional 11,192 shares during the period. Voleon Capital Management LP bought a new stake in shares of Mizuho Financial Group in the 3rd quarter valued at about $787,000. Susquehanna International Group LLP raised its position in shares of Mizuho Financial Group by 8.3% in the 3rd quarter. Susquehanna International Group LLP now owns 79,971 shares of the bank’s stock valued at $536,000 after acquiring an additional 6,134 shares during the period. Shelton Capital Management boosted its stake in Mizuho Financial Group by 69.3% during the 3rd quarter. Shelton Capital Management now owns 65,858 shares of the bank’s stock worth $441,000 after acquiring an additional 26,958 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Mizuho Financial Group by 181.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 72,609 shares of the bank’s stock valued at $486,000 after purchasing an additional 46,767 shares during the period. 3.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Mizuho Financial Group from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Stock Up 0.1%

Shares of Mizuho Financial Group stock opened at $7.81 on Wednesday. The company has a market capitalization of $97.00 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 0.61 and a beta of 0.36. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.97 and a quick ratio of 0.96. The business has a 50-day moving average of $8.70 and a two-hundred day moving average of $7.49. Mizuho Financial Group, Inc. has a 1 year low of $4.04 and a 1 year high of $10.28.

Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings data on Monday, February 2nd. The bank reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Mizuho Financial Group had a return on equity of 9.23% and a net margin of 12.31%.The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $5.58 billion. As a group, equities analysts predict that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

About Mizuho Financial Group

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.