ABC Arbitrage SA Acquires Stake in Mizuho Financial Group, Inc. (NYSE:MFG)

ABC Arbitrage SA has recently taken a new position in shares of Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) during the fourth quarter, according to the company's latest filing with the SEC. The fund acquired a total of 185,886 shares of the bank's stock, which is valued at around $909,000.

In addition to ABC Arbitrage, several other large investors have also adjusted their holdings in Mizuho Financial Group. For instance, Allspring Global Investments Holdings LLC increased its stake by 10.7% during the fourth quarter, bringing its total to 98,798 shares, valued at $489,000, after acquiring an additional 9,585 shares.

New Republic Capital LLC made a more significant increase of 74.5% in its investments during the same period, now owning 18,327 shares valued at $90,000, following the purchase of 7,826 additional shares. XY Capital Ltd acquired a new position in Mizuho Financial Group worth approximately $575,000 during the fourth quarter.

Savant Capital LLC also increased its stake substantially by 85.6%, now holding 27,787 shares valued at $136,000 after buying an extra 12,812 shares. Lastly, Adero Partners LLC raised its ownership by 30.6%, acquiring 4,323 additional shares to reach a total of 18,428 shares valued at $90,000. Currently, institutional investors hold 3.26% of Mizuho Financial Group's stock.

Mizuho Financial Group's Stock Performance

As of Friday, shares of Mizuho Financial Group were trading up by 2.4%, opening at $5.74. The company has a current ratio of 0.97, a quick ratio of 0.96, and a debt-to-equity ratio of 1.39. Over the past 12 months, the stock has reached a low of $3.45 and a high of $5.76, with a market capitalization of $72.68 billion. The price-to-earnings ratio stands at 14.34, and the PEG ratio is 0.97, accompanied by a beta of 0.45. The firm’s 50-day simple moving average is $5.14, while its 200-day simple moving average is $4.60.

Mizuho Financial Group recently released its quarterly earnings on February 3rd, where it reported earnings per share (EPS) of $0.15, surpassing analysts' expectations of $0.10 by $0.05. The bank's net margin is 7.85%, and it has a return on equity of 8.56%. Analysts forecast Mizuho Financial Group to post an EPS of 0.42 for the current year.

Overview of Mizuho Financial Group

Established as a multi-faceted financial institution, Mizuho Financial Group, Inc. operates various segments that encompass banking, trust services, securities, and other finance-related businesses across the globe, including Japan, the Americas, Europe, and Asia/Oceania. The company’s operations are categorized into several segments, including Retail & Business Banking, Corporate & Institutional, Global Corporate, Global Markets, Asset Management, and others.

For those considering investing, it’s recommended to gather insights from various analysts to understand potential gains in different stocks.

investment, finance, stocks