Short Interest in Mizuho Financial Group, Inc. (NYSE:MFG) Declines By 41.4%

Mizuho Financial Group, Inc. (NYSE:MFG) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 3,005,077 shares, a drop of 41.4% from the December 15th total of 5,124,354 shares. Based on an average trading volume of 3,513,283 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 3,513,283 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On Mizuho Financial Group

A number of hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its holdings in Mizuho Financial Group by 0.4% during the first quarter. Goldman Sachs Group Inc. now owns 14,508,417 shares of the bank’s stock valued at $79,941,000 after purchasing an additional 57,806 shares during the period. Bank of America Corp DE grew its stake in shares of Mizuho Financial Group by 1.7% during the 3rd quarter. Bank of America Corp DE now owns 12,602,417 shares of the bank’s stock valued at $84,436,000 after acquiring an additional 216,330 shares during the period. Northern Trust Corp increased its holdings in Mizuho Financial Group by 1.7% in the 3rd quarter. Northern Trust Corp now owns 10,314,793 shares of the bank’s stock worth $69,109,000 after acquiring an additional 167,604 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in Mizuho Financial Group by 5.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 7,797,023 shares of the bank’s stock worth $52,240,000 after acquiring an additional 376,677 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Mizuho Financial Group in the third quarter worth approximately $52,058,000. Institutional investors own 3.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Mizuho Financial Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Mizuho Financial Group currently has a consensus rating of “Buy”.

Mizuho Financial Group Price Performance

MFG stock traded up $0.14 during mid-day trading on Thursday, reaching $8.53. 926,752 shares of the company traded hands, compared to its average volume of 2,881,053. The company has a market capitalization of $105.94 billion, a P/E ratio of 15.50, a P/E/G ratio of 0.91 and a beta of 0.36. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.96 and a quick ratio of 0.96. The company has a fifty day moving average price of $7.25 and a 200-day moving average price of $6.62. Mizuho Financial Group has a 52-week low of $4.04 and a 52-week high of $8.59.

Mizuho Financial Group (NYSE:MFG) last issued its earnings results on Friday, November 28th. The bank reported ($1.61) earnings per share for the quarter. Mizuho Financial Group had a net margin of 11.57% and a return on equity of 9.20%. The company had revenue of $7.53 billion for the quarter. As a group, analysts anticipate that Mizuho Financial Group will post 0.42 earnings per share for the current year.

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.