CogentBlue Wealth Advisors LLC Takes $50,000 Position in Mizuho Financial Group, Inc. (NYSE:MFG)

CogentBlue Wealth Advisors LLC acquired a new stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 10,250 shares of the bank’s stock, valued at approximately $50,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MFG. Creative Planning raised its stake in Mizuho Financial Group by 8.8% during the 3rd quarter. Creative Planning now owns 803,259 shares of the bank’s stock valued at $3,358,000 after purchasing an additional 65,185 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of Mizuho Financial Group by 19.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 34,732 shares of the bank’s stock worth $145,000 after acquiring an additional 5,758 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Mizuho Financial Group by 152.1% during the 3rd quarter. Blue Trust Inc. now owns 63,663 shares of the bank’s stock valued at $269,000 after acquiring an additional 38,405 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Mizuho Financial Group by 28.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 89,213 shares of the bank’s stock worth $373,000 after buying an additional 19,818 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Mizuho Financial Group by 5.8% in the third quarter. Sequoia Financial Advisors LLC now owns 96,308 shares of the bank’s stock worth $403,000 after acquiring an additional 5,259 shares in the last quarter. 3.26% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Price Performance

Shares of Mizuho Financial Group stock opened at $5.88 on Thursday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a 50 day moving average price of $5.19 and a 200-day moving average price of $4.64. The stock has a market cap of $74.45 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 0.99 and a beta of 0.45. Mizuho Financial Group, Inc. has a one year low of $3.45 and a one year high of $5.91.

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

Mizuho Financial Group Company 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.