Wells Fargo & Company MN Has $14.86 Million Stake in Mizuho Financial Group, Inc. (NYSE:MFG)

Wells Fargo & Company MN boosted its position in Mizuho Financial Group, Inc. (NYSE:MFG) by 48.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,038,291 shares of the bank’s stock after acquiring an additional 992,900 shares during the quarter. Wells Fargo & Company MN’s holdings in Mizuho Financial Group were worth $14,857,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Mizuho Financial Group in the 4th quarter valued at $5,951,000. Sanctuary Advisors LLC grew its position in Mizuho Financial Group by 1,077.4% in the third quarter. Sanctuary Advisors LLC now owns 278,847 shares of the bank’s stock valued at $1,166,000 after acquiring an additional 255,164 shares during the last quarter. Zions Bancorporation N.A. raised its stake in Mizuho Financial Group by 158.5% during the fourth quarter. Zions Bancorporation N.A. now owns 406,459 shares of the bank’s stock worth $1,988,000 after acquiring an additional 249,207 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Mizuho Financial Group by 48.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 624,582 shares of the bank’s stock worth $3,054,000 after acquiring an additional 202,958 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new stake in shares of Mizuho Financial Group in the 4th quarter valued at approximately $909,000. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Mizuho Financial Group Price Performance

MFG stock opened at $4.75 on Tuesday. The stock has a market cap of $60.19 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 0.76 and a beta of 0.33. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.97 and a quick ratio of 0.96. The company has a 50 day simple moving average of $5.46 and a 200 day simple moving average of $5.01. Mizuho Financial Group, Inc. has a 1 year low of $3.45 and a 1 year high of $6.08.

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