Park Avenue Securities LLC Lowers Stake in Mizuho Financial Group, Inc. (NYSE:MFG)

Park Avenue Securities LLC lessened its holdings in Mizuho Financial Group, Inc. (NYSE:MFG) by 48.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,495 shares of the bank’s stock after selling 42,473 shares during the period. Park Avenue Securities LLC’s holdings in Mizuho Financial Group were worth $186,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in shares of Mizuho Financial Group during the second quarter worth $91,000. Creative Planning increased its holdings in shares of Mizuho Financial Group by 13.5% in the 2nd quarter. Creative Planning now owns 738,074 shares of the bank’s stock valued at $3,122,000 after acquiring an additional 88,011 shares during the last quarter. Kathmere Capital Management LLC bought a new position in Mizuho Financial Group during the second quarter worth $47,000. AQR Capital Management LLC boosted its holdings in Mizuho Financial Group by 139.4% in the second quarter. AQR Capital Management LLC now owns 225,432 shares of the bank’s stock worth $954,000 after purchasing an additional 131,271 shares during the period. Finally, Marshall Wace LLP bought a new stake in Mizuho Financial Group during the second quarter valued at $387,000. 3.26% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Trading Down 0.4 %

NYSE MFG opened at $4.25 on Tuesday. The firm has a market capitalization of $53.79 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.67 and a beta of 0.39. Mizuho Financial Group, Inc. has a one year low of $3.14 and a one year high of $4.63. The company has a 50-day simple moving average of $4.10 and a 200-day simple moving average of $4.08. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.96 and a current ratio of 0.96.

Mizuho Financial Group (NYSE:MFG) last announced its quarterly earnings results on Wednesday, July 31st. The bank reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Mizuho Financial Group had a return on equity of 6.64% and a net margin of 6.38%. The business had revenue of $15.27 billion for the quarter. On average, equities analysts forecast that Mizuho Financial Group, Inc. will post 0.44 earnings per share for the current year.

Mizuho Financial Group Profile

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.