PNC Financial Services Group Inc. Purchases 9,892 Shares of Mizuho Financial Group, Inc. (NYSE:MFG)

PNC Financial Services Group Inc. raised its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 5.9% in the fourth quarter, Holdings Channel reports. The fund owned 176,974 shares of the bank’s stock after buying an additional 9,892 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Mizuho Financial Group were worth $865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of MFG. Spire Wealth Management grew its position in Mizuho Financial Group by 377.8% in the fourth quarter. Spire Wealth Management now owns 5,504 shares of the bank’s stock valued at $27,000 after acquiring an additional 4,352 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Mizuho Financial Group during the third quarter worth $25,000. TD Private Client Wealth LLC increased its stake in Mizuho Financial Group by 683.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 8,419 shares of the bank’s stock worth $35,000 after purchasing an additional 7,345 shares in the last quarter. CogentBlue Wealth Advisors LLC acquired a new stake in shares of Mizuho Financial Group in the 4th quarter valued at about $50,000. Finally, Sierra Ocean LLC acquired a new position in Mizuho Financial Group during the fourth quarter worth $55,000. 3.26% of the stock is owned by institutional investors.

Mizuho Financial Group Price Performance

NYSE:MFG opened at $5.81 on Tuesday. The firm has a market capitalization of $73.56 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 0.76 and a beta of 0.39. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.39. The stock’s 50 day moving average price is $5.46 and its two-hundred day moving average price is $4.84. Mizuho Financial Group, Inc. has a 12-month low of $3.45 and a 12-month high of $5.91.

Mizuho Financial Group (NYSE:MFG) last released its earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Mizuho Financial Group had a return on equity of 8.56% and a net margin of 7.85%. On average, analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 earnings per share 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.