Augustine Asset Management Inc. Invests $1.58 Million in Mizuho Financial Group, Inc. (NYSE:MFG)

Augustine Asset Management Inc. purchased a new position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 458,061 shares of the bank’s stock, valued at approximately $1,576,000. Mizuho Financial Group comprises 0.7% of Augustine Asset Management Inc.’s investment portfolio, making the stock its 28th biggest holding.

Several other large investors have also modified their holdings of the stock. FMR LLC raised its stake in shares of Mizuho Financial Group by 11.7% during the third quarter. FMR LLC now owns 11,516,942 shares of the bank’s stock worth $39,503,000 after purchasing an additional 1,206,471 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Mizuho Financial Group by 2.9% in the second quarter. Goldman Sachs Group Inc. now owns 11,497,463 shares of the bank’s stock valued at $35,297,000 after acquiring an additional 322,228 shares during the period. BlackRock Inc. lifted its holdings in Mizuho Financial Group by 5.2% in the second quarter. BlackRock Inc. now owns 7,268,942 shares of the bank’s stock valued at $22,316,000 after acquiring an additional 357,162 shares during the period. Northern Trust Corp lifted its holdings in Mizuho Financial Group by 1.9% in the second quarter. Northern Trust Corp now owns 5,168,655 shares of the bank’s stock valued at $15,868,000 after acquiring an additional 98,198 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Mizuho Financial Group in the second quarter valued at $9,695,000. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Stock Performance

Mizuho Financial Group stock opened at $3.89 on Friday. Mizuho Financial Group, Inc. has a one year low of $2.81 and a one year high of $4.32. The business has a fifty day moving average of $3.83 and a two-hundred day moving average of $3.57. The company has a market cap of $49.38 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 0.74 and a beta of 0.42.

Mizuho Financial Group (NYSE:MFG) last released its earnings results on Friday, February 2nd. The bank reported $0.11 EPS for the quarter. Mizuho Financial Group had a return on equity of 6.72% and a net margin of 8.48%. The company had revenue of $12.97 billion during the quarter. Sell-side analysts predict that Mizuho Financial Group, Inc. will post 0.36 EPS for the current 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.