TD Waterhouse Canada Inc. Increases Holdings in Mizuho Financial Group, Inc. $MFG

TD Waterhouse Canada Inc. lifted its holdings in Mizuho Financial Group, Inc. (NYSE:MFG) by 19,975.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 439,047 shares of the bank’s stock after acquiring an additional 436,860 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Mizuho Financial Group were worth $4,309,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Morgan Stanley boosted its stake in shares of Mizuho Financial Group by 5.7% during the fourth quarter. Morgan Stanley now owns 59,084,500 shares of the bank’s stock valued at $432,499,000 after purchasing an additional 3,166,984 shares during the period. Natixis Advisors LLC boosted its stake in shares of Mizuho Financial Group by 590.7% during the 4th quarter. Natixis Advisors LLC now owns 16,560,891 shares of the bank’s stock valued at $121,226,000 after purchasing an additional 14,163,328 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Mizuho Financial Group by 11.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 16,266,878 shares of the bank’s stock worth $119,074,000 after acquiring an additional 1,716,932 shares during the period. Bank of America Corp DE grew its position in shares of Mizuho Financial Group by 1.7% in the 3rd quarter. Bank of America Corp DE now owns 12,602,417 shares of the bank’s stock worth $84,436,000 after buying an additional 216,330 shares during the period. Finally, Northern Trust Corp grew its holdings in Mizuho Financial Group by 1.7% in the third quarter. Northern Trust Corp now owns 10,314,793 shares of the bank’s stock worth $69,109,000 after purchasing an additional 167,604 shares during the period. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Mizuho Financial Group Price Performance

NYSE MFG opened at $11.22 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.53. Mizuho Financial Group, Inc. has a 52 week low of $6.09 and a 52 week high of $11.33. The firm has a market capitalization of $138.58 billion, a P/E ratio of 13.68, a PEG ratio of 0.90 and a beta of 0.46. The company has a 50-day moving average price of $10.42 and a 200-day moving average price of $9.34.

Mizuho Financial Group (NYSE:MFG) last issued its quarterly earnings results on Thursday, July 30th. The bank reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.05. The business had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $5.51 billion. Mizuho Financial Group had a net margin of 17.15% and a return on equity of 12.82%. Equities research analysts anticipate that Mizuho Financial Group, Inc. will post 0.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Mizuho Financial Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Mizuho Financial Group currently has a consensus rating of “Strong 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.