TD Waterhouse Canada Inc. Buys 93,763 Shares of Mizuho Financial Group, Inc. $MFG

TD Waterhouse Canada Inc. boosted its stake in Mizuho Financial Group, Inc. (NYSE:MFG) by 21.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 532,810 shares of the bank’s stock after purchasing an additional 93,763 shares during the period. TD Waterhouse Canada Inc.’s holdings in Mizuho Financial Group were worth $5,729,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new stake in shares of Mizuho Financial Group during the first quarter valued at approximately $34,000. Mather Group LLC. increased its stake in shares of Mizuho Financial Group by 768.3% in the third quarter. Mather Group LLC. now owns 3,482 shares of the bank’s stock worth $38,000 after buying an additional 3,081 shares during the period. Grove Bank & Trust purchased a new position in shares of Mizuho Financial Group in the second quarter worth $49,000. Fifth Third Bancorp raised its holdings in Mizuho Financial Group by 16.2% during the 1st quarter. Fifth Third Bancorp now owns 9,577 shares of the bank’s stock valued at $76,000 after buying an additional 1,338 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Mizuho Financial Group during the 4th quarter valued at $79,000. Institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Price Performance

MFG opened at $10.06 on Tuesday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.93 and a current ratio of 0.93. Mizuho Financial Group, Inc. has a 52-week low of $6.37 and a 52-week high of $11.49. The stock has a market capitalization of $124.31 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 0.67 and a beta of 0.48. The stock’s 50 day moving average price is $10.78 and its 200-day moving average price is $9.90.

Mizuho Financial Group (NYSE:MFG) last announced its earnings results on Thursday, July 30th. The bank reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The company had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $5.51 billion. Mizuho Financial Group had a return on equity of 12.82% and a net margin of 17.15%. On average, equities research analysts predict that Mizuho Financial Group, Inc. will post 0.75 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Mizuho Financial Group from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Mizuho Financial Group Profile

Mizuho Financial Group, Inc is a Japan-based financial services holding company headquartered in Tokyo. Through its subsidiaries, the group provides banking, trust banking, securities, asset management, and other financial services to individuals, businesses, financial institutions, and public-sector organizations.

Its principal businesses include deposits and lending, payments and settlement services, foreign exchange, investment banking, securities brokerage and underwriting, trust and asset management, wealth management, and corporate advisory services.