Mizuho Financial Group, Inc. (NYSE:MFG) Sees Significant Decline in Short Interest

Mizuho Financial Group, Inc. (NYSE:MFG) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totalling 2,450,000 shares, a decrease of 72.6% from the September 30th total of 8,930,000 shares. Based on an average daily volume of 2,080,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.0% of the company’s shares are sold short.

Mizuho Financial Group Stock Down 0.2 %

Shares of MFG stock traded down $0.01 during trading hours on Friday, reaching $4.09. The company had a trading volume of 435,137 shares, compared to its average volume of 1,276,077. The stock’s fifty day simple moving average is $4.15 and its 200 day simple moving average is $4.09. The company has a market capitalization of $51.83 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 0.69 and a beta of 0.39. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.96 and a current ratio of 0.96. Mizuho Financial Group has a twelve month low of $3.14 and a twelve month high of $4.63.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings results on Wednesday, July 31st. The bank reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. Mizuho Financial Group had a net margin of 6.38% and a return on equity of 6.64%. The firm had revenue of $15.27 billion for the quarter. As a group, sell-side analysts expect that Mizuho Financial Group will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mizuho Financial Group

Institutional investors have recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in shares of Mizuho Financial Group by 10.9% in the second quarter. American Century Companies Inc. now owns 2,391,343 shares of the bank’s stock valued at $10,115,000 after acquiring an additional 234,972 shares in the last quarter. Creative Planning lifted its holdings in Mizuho Financial Group by 8.8% in the 3rd quarter. Creative Planning now owns 803,259 shares of the bank’s stock valued at $3,358,000 after acquiring an additional 65,185 shares during the last quarter. Natixis Advisors LLC lifted its stake in Mizuho Financial Group by 3.2% during the second quarter. Natixis Advisors LLC now owns 743,706 shares of the bank’s stock valued at $3,146,000 after purchasing an additional 22,802 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Mizuho Financial Group by 4.7% during the second quarter. QRG Capital Management Inc. now owns 653,268 shares of the bank’s stock worth $2,763,000 after purchasing an additional 29,169 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Mizuho Financial Group by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 538,398 shares of the bank’s stock worth $2,277,000 after buying an additional 32,462 shares during the period. Institutional investors own 3.26% of the company’s stock.

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.