Mizuho Financial Group, Inc. (NYSE:MFG) Short Interest Update

Mizuho Financial Group, Inc. (NYSE:MFG) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 7,991,755 shares, a decline of 32.2% from the July 30th total of 11,795,198 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,830,170 shares, the short-interest ratio is currently 2.8 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Mizuho Financial Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MFG. Parkside Financial Bank & Trust grew its stake in shares of Mizuho Financial Group by 72.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock valued at $32,000 after buying an additional 1,825 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in Mizuho Financial Group by 351.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 4,524 shares of the bank’s stock valued at $33,000 after acquiring an additional 3,522 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Mizuho Financial Group during the first quarter valued at approximately $34,000. Grove Bank & Trust acquired a new stake in Mizuho Financial Group in the second quarter valued at approximately $49,000. Finally, Kestra Advisory Services LLC bought a new stake in Mizuho Financial Group in the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Stock Up 3.0%

Mizuho Financial Group stock opened at $11.06 on Thursday. Mizuho Financial Group has a twelve month low of $6.09 and a twelve month high of $11.09. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $136.66 billion, a PE ratio of 13.49, a P/E/G ratio of 0.86 and a beta of 0.46. The firm’s 50 day moving average price is $10.36 and its two-hundred day moving average price is $9.32.

Mizuho Financial Group (NYSE:MFG) last issued its earnings results on Thursday, July 30th. The bank reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. Mizuho Financial Group had a net margin of 17.15% and a return on equity of 12.82%. The company had revenue of $8.55 billion during the quarter, compared to analyst estimates of $5.51 billion. On average, research analysts predict that Mizuho Financial Group will post 0.73 EPS for the current fiscal year.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.