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

Mizuho Financial Group, Inc. (NYSE:MFG) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 4,548,180 shares, an increase of 154.3% from the January 29th total of 1,788,289 shares. Based on an average daily trading volume, of 5,417,544 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,417,544 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MFG. Y Intercept Hong Kong Ltd purchased a new position in Mizuho Financial Group during the third quarter valued at $2,642,000. Caprock Group LLC purchased a new stake in shares of Mizuho Financial Group in the 3rd quarter worth about $907,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Mizuho Financial Group in the 2nd quarter worth about $2,005,000. Bailard Inc. purchased a new position in Mizuho Financial Group during the 3rd quarter valued at about $912,000. Finally, Corient Private Wealth LLC boosted its stake in Mizuho Financial Group by 65.1% during the second quarter. Corient Private Wealth LLC now owns 244,990 shares of the bank’s stock worth $1,362,000 after acquiring an additional 96,566 shares in the last quarter. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Price Performance

Shares of MFG stock traded down $0.13 during trading hours on Friday, hitting $8.89. 4,308,815 shares of the company’s stock were exchanged, compared to its average volume of 5,166,776. The company has a market capitalization of $110.42 billion, a PE ratio of 15.59, a PEG ratio of 0.71 and a beta of 0.37. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.72. Mizuho Financial Group has a 12-month low of $4.04 and a 12-month high of $10.28. The business’s 50 day simple moving average is $8.54 and its 200-day simple moving average is $7.35.

Mizuho Financial Group (NYSE:MFG) last announced its quarterly earnings data on Monday, February 2nd. The bank reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $5.58 billion. Mizuho Financial Group had a net margin of 12.31% and a return on equity of 9.23%. On average, equities research analysts anticipate that Mizuho Financial Group will post 0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Mizuho Financial Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Mizuho Financial Group has a consensus rating of “Moderate Buy”.

About Mizuho Financial Group

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.