Envestnet Asset Management Inc. Grows Stock Holdings in Mizuho Financial Group, Inc. (NYSE:MFG)

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

Several other large investors also recently added to or reduced their stakes in MFG. Lazard Asset Management LLC raised its holdings in shares of Mizuho Financial Group by 54.7% in the 4th quarter. Lazard Asset Management LLC now owns 23,558,714 shares of the bank’s stock valued at $115,201,000 after purchasing an additional 8,329,657 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Mizuho Financial Group by 86.1% in the 4th quarter. Northern Trust Corp now owns 9,743,983 shares of the bank’s stock valued at $47,648,000 after purchasing an additional 4,508,649 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Mizuho Financial Group by 18.0% during the 4th quarter. Bank of America Corp DE now owns 16,121,663 shares of the bank’s stock worth $78,835,000 after acquiring an additional 2,454,233 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Mizuho Financial Group during the 4th quarter worth approximately $5,951,000. Finally, Wells Fargo & Company MN raised its stake in shares of Mizuho Financial Group by 48.5% during the 4th quarter. Wells Fargo & Company MN now owns 3,038,291 shares of the bank’s stock worth $14,857,000 after acquiring an additional 992,900 shares in the last quarter. 3.26% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Trading Up 1.3%

Shares of Mizuho Financial Group stock opened at $5.64 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. Mizuho Financial Group, Inc. has a 12-month low of $3.45 and a 12-month high of $6.08. The firm has a market capitalization of $70.98 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 0.63 and a beta of 0.38. The firm’s 50 day simple moving average is $5.48 and its two-hundred day simple moving average is $5.35.

Mizuho Financial Group (NYSE:MFG) last announced 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. The firm had revenue of $12.84 billion for the quarter, compared to the consensus estimate of $5.38 billion. Mizuho Financial Group had a net margin of 9.81% and a return on equity of 10.37%. Analysts predict that Mizuho Financial Group, Inc. will post 0.42 EPS for the current 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.