Envestnet Asset Management Inc. Buys 59,671 Shares of Mizuho Financial Group, Inc. (NYSE:MFG)

Envestnet Asset Management Inc. increased its position in Mizuho Financial Group, Inc. (NYSE:MFG) by 3.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,602,728 shares of the bank’s stock after buying an additional 59,671 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Mizuho Financial Group were worth $8,831,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in MFG. Allspring Global Investments Holdings LLC grew its position in Mizuho Financial Group by 3.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 101,716 shares of the bank’s stock valued at $550,000 after acquiring an additional 2,918 shares during the last quarter. GAMMA Investing LLC boosted its position in Mizuho Financial Group by 14.4% during the first quarter. GAMMA Investing LLC now owns 67,561 shares of the bank’s stock worth $372,000 after purchasing an additional 8,491 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Mizuho Financial Group by 20.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 952,107 shares of the bank’s stock valued at $4,656,000 after acquiring an additional 158,478 shares in the last quarter. Vanguard Capital Wealth Advisors lifted its position in Mizuho Financial Group by 129.5% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 157,004 shares of the bank’s stock worth $768,000 after buying an additional 88,603 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in Mizuho Financial Group by 48.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 624,582 shares of the bank’s stock worth $3,054,000 after acquiring an additional 202,958 shares during the last quarter. 3.26% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Stock Up 1.3%

Shares of NYSE MFG opened at $5.64 on Tuesday. Mizuho Financial Group, Inc. has a 12-month low of $3.45 and a 12-month high of $6.08. The company has a market cap of $70.98 billion, a P/E ratio of 11.99, a P/E/G ratio of 0.63 and a beta of 0.38. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. The stock has a fifty day moving average price of $5.48 and a 200 day moving average price of $5.35.

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

About Mizuho Financial Group

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.