CIBC Bancorp USA Inc. Acquires Shares of 7,769,789 Mizuho Financial Group, Inc. $MFG

CIBC Bancorp USA Inc. bought a new position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,769,789 shares of the bank’s stock, valued at approximately $52,058,000. CIBC Bancorp USA Inc. owned about 0.06% of Mizuho Financial Group as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MFG. Hilltop Holdings Inc. raised its holdings in shares of Mizuho Financial Group by 8.5% in the third quarter. Hilltop Holdings Inc. now owns 20,052 shares of the bank’s stock valued at $134,000 after buying an additional 1,568 shares during the last quarter. Aaron Wealth Advisors LLC increased its position in Mizuho Financial Group by 1.5% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 107,860 shares of the bank’s stock valued at $723,000 after acquiring an additional 1,569 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Mizuho Financial Group by 22.9% in the third quarter. Jones Financial Companies Lllp now owns 9,150 shares of the bank’s stock worth $63,000 after acquiring an additional 1,704 shares during the last quarter. CWM LLC lifted its position in shares of Mizuho Financial Group by 7.5% during the third quarter. CWM LLC now owns 25,154 shares of the bank’s stock worth $169,000 after purchasing an additional 1,763 shares in the last quarter. Finally, Seeds Investor LLC lifted its position in shares of Mizuho Financial Group by 18.6% during the second quarter. Seeds Investor LLC now owns 12,237 shares of the bank’s stock worth $68,000 after purchasing an additional 1,917 shares in the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Mizuho Financial Group Price Performance

Shares of MFG stock opened at $7.81 on Wednesday. The firm has a market cap of $97.00 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.61 and a beta of 0.36. Mizuho Financial Group, Inc. has a 12 month low of $4.04 and a 12 month high of $10.28. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.72. The stock has a 50-day moving average price of $8.70 and a 200 day moving average price of $7.49.

Mizuho Financial Group (NYSE:MFG) last released its earnings results 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. Mizuho Financial Group had a net margin of 12.31% and a return on equity of 9.23%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $5.58 billion. Research analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Analysts Set New Price Targets

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 research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Mizuho Financial Group currently 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.