Pinnacle Wealth Planning Services Inc. Grows Holdings in Mizuho Financial Group, Inc. (NYSE:MFG)

Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,890 shares of the bank’s stock after purchasing an additional 2,188 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Mizuho Financial Group were worth $171,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its holdings in Mizuho Financial Group by 31.0% during the 3rd quarter. FMR LLC now owns 17,622,960 shares of the bank’s stock valued at $73,664,000 after buying an additional 4,167,234 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Mizuho Financial Group by 351.2% during the third quarter. Natixis Advisors LLC now owns 3,355,910 shares of the bank’s stock worth $14,028,000 after acquiring an additional 2,612,204 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Mizuho Financial Group during the fourth quarter worth approximately $5,951,000. Charles Schwab Investment Management Inc. raised its stake in shares of Mizuho Financial Group by 20.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 952,107 shares of the bank’s stock valued at $4,656,000 after acquiring an additional 158,478 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Mizuho Financial Group by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 831,018 shares of the bank’s stock valued at $4,064,000 after purchasing an additional 144,353 shares during the period. 3.26% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Trading Down 0.8 %

MFG opened at $5.71 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.39. The stock’s fifty day moving average is $5.37 and its two-hundred day moving average is $4.77. The company has a market capitalization of $72.30 billion, a P/E ratio of 14.26, a PEG ratio of 0.76 and a beta of 0.39. Mizuho Financial Group, Inc. has a 52 week low of $3.45 and a 52 week high of $5.91.

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