Franklin Resources Inc. Acquires 2,391 Shares of Mizuho Financial Group, Inc. (NYSE:MFG)

Franklin Resources Inc. lifted its position in Mizuho Financial Group, Inc. (NYSE:MFG) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,622 shares of the bank’s stock after purchasing an additional 2,391 shares during the period. Franklin Resources Inc.’s holdings in Mizuho Financial Group were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in MFG. Wilmington Savings Fund Society FSB purchased a new position in Mizuho Financial Group in the third quarter worth about $25,000. Spire Wealth Management boosted its holdings in Mizuho Financial Group by 377.8% in the fourth quarter. Spire Wealth Management now owns 5,504 shares of the bank’s stock worth $27,000 after acquiring an additional 4,352 shares in the last quarter. CogentBlue Wealth Advisors LLC acquired a new stake in Mizuho Financial Group during the 4th quarter worth about $50,000. Sierra Ocean LLC acquired a new position in Mizuho Financial Group during the fourth quarter valued at $55,000. Finally, Moors & Cabot Inc. purchased a new position in shares of Mizuho Financial Group during the 4th quarter valued at approximately $55,000. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Trading Up 3.5 %

Shares of MFG stock opened at $4.84 on Friday. Mizuho Financial Group, Inc. has a 1-year low of $3.45 and a 1-year high of $6.08. The stock has a 50 day simple moving average of $5.40 and a 200-day simple moving average of $5.02. 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 market cap of $60.90 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 0.76 and a beta of 0.33.

Mizuho Financial Group (NYSE:MFG) last announced its quarterly earnings results on Monday, February 3rd. The bank reported $0.15 earnings per share for the quarter, beating 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%. On average, equities research analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal 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.