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

Mizuho Financial Group, Inc. (NYSE:MFG) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 4,548,180 shares, a growth of 154.3% from the January 29th total of 1,788,289 shares. Based on an average trading volume of 5,417,544 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 5,417,544 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MFG. Compound Planning Inc. boosted its position in shares of Mizuho Financial Group by 16.0% during the fourth quarter. Compound Planning Inc. now owns 198,660 shares of the bank’s stock valued at $1,454,000 after purchasing an additional 27,362 shares in the last quarter. Invesco Ltd. lifted its position in Mizuho Financial Group by 43.1% during the fourth quarter. Invesco Ltd. now owns 37,757 shares of the bank’s stock valued at $276,000 after buying an additional 11,380 shares during the period. Corient Private Wealth LLC lifted its position in Mizuho Financial Group by 8.9% during the fourth quarter. Corient Private Wealth LLC now owns 186,447 shares of the bank’s stock valued at $1,365,000 after buying an additional 15,169 shares during the period. EP Wealth Advisors LLC bought a new stake in shares of Mizuho Financial Group during the 4th quarter valued at $169,000. Finally, NewEdge Advisors LLC grew its position in shares of Mizuho Financial Group by 56.1% in the 4th quarter. NewEdge Advisors LLC now owns 17,564 shares of the bank’s stock worth $129,000 after buying an additional 6,310 shares during the period. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Stock Up 2.9%

Shares of NYSE MFG opened at $9.01 on Friday. The firm has a fifty day simple moving average of $8.51 and a two-hundred day simple moving average of $7.33. Mizuho Financial Group has a 12 month low of $4.04 and a 12 month high of $10.28. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $111.97 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 0.69 and a beta of 0.37.

Mizuho Financial Group (NYSE:MFG) last announced its earnings results on Monday, February 2nd. The bank reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Mizuho Financial Group had a net margin of 12.31% and a return on equity of 9.23%. The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $5.58 billion. Equities analysts expect that Mizuho Financial Group will post 0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Mizuho Financial Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Mizuho Financial Group has an average rating of “Moderate Buy”.

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.