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

Envestnet Asset Management Inc. lifted its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 3.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Mizuho Financial Group by 19.3% during the 4th 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 period. Bessemer Group Inc. grew its position in Mizuho Financial Group by 51.5% during the fourth quarter. Bessemer Group Inc. now owns 6,430 shares of the bank’s stock valued at $31,000 after acquiring an additional 2,187 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its stake in shares of Mizuho Financial Group by 6.7% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 34,890 shares of the bank’s stock worth $171,000 after buying an additional 2,188 shares during the period. Lido Advisors LLC boosted its holdings in shares of Mizuho Financial Group by 9.2% during the 4th quarter. Lido Advisors LLC now owns 26,798 shares of the bank’s stock valued at $131,000 after buying an additional 2,249 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Mizuho Financial Group by 4.3% in the 4th quarter. Franklin Resources Inc. now owns 57,622 shares of the bank’s stock worth $282,000 after purchasing an additional 2,391 shares during the last quarter. Institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Price Performance

Shares of MFG stock opened at $5.64 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 0.99. Mizuho Financial Group, Inc. has a fifty-two week low of $3.45 and a fifty-two week high of $6.08. The firm has a market capitalization of $70.98 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 0.63 and a beta of 0.38. The stock’s 50-day simple moving average is $5.48 and its 200-day simple moving average is $5.35.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings results on Thursday, May 15th. The bank reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $12.84 billion for the quarter, compared to analyst estimates of $5.38 billion. Mizuho Financial Group had a return on equity of 10.37% and a net margin of 9.81%. As a group, equities analysts forecast that Mizuho Financial Group, Inc. will post 0.42 earnings per share 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.