Allworth Financial LP Buys 2,975 Shares of Mizuho Financial Group, Inc. (NYSE:MFG)

Allworth Financial LP increased its stake in Mizuho Financial Group, Inc. (NYSE:MFG) by 81.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,611 shares of the bank’s stock after buying an additional 2,975 shares during the quarter. Allworth Financial LP’s holdings in Mizuho Financial Group were worth $36,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MFG. Brighton Jones LLC increased its position in Mizuho Financial Group by 19.3% during the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock valued at $60,000 after acquiring an additional 1,998 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Mizuho Financial Group by 10.8% during the 4th quarter. Farther Finance Advisors LLC now owns 21,129 shares of the bank’s stock worth $103,000 after purchasing an additional 2,054 shares during the period. Bessemer Group Inc. boosted its stake in shares of Mizuho Financial Group by 51.5% during the 4th quarter. Bessemer Group Inc. now owns 6,430 shares of the bank’s stock worth $31,000 after purchasing an additional 2,187 shares during the period. Pinnacle Wealth Planning Services Inc. grew its holdings in Mizuho Financial Group by 6.7% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 34,890 shares of the bank’s stock valued at $171,000 after purchasing an additional 2,188 shares during the last quarter. Finally, Lido Advisors LLC raised its position in Mizuho Financial Group by 9.2% in the 4th quarter. Lido Advisors LLC now owns 26,798 shares of the bank’s stock worth $131,000 after purchasing an additional 2,249 shares during the period. 3.26% of the stock is currently owned by institutional investors.

Mizuho Financial Group Stock Down 0.5%

Shares of NYSE MFG opened at $5.57 on Friday. Mizuho Financial Group, Inc. has a 1 year low of $3.45 and a 1 year high of $6.08. The firm has a 50-day simple moving average of $5.48 and a two-hundred day simple moving average of $5.34. The company has a market cap of $70.16 billion, a P/E ratio of 11.85, a PEG ratio of 0.64 and a beta of 0.38. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.99 and a quick ratio of 0.99.

Mizuho Financial Group (NYSE:MFG) last issued its quarterly earnings results on Thursday, May 15th. The bank reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. Mizuho Financial Group had a return on equity of 10.37% and a net margin of 9.81%. The firm had revenue of $12.84 billion during the quarter, compared to analyst estimates of $5.38 billion. Research analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc, together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally. It operates through Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, Asset Management Company, and Others segments.