Farther Finance Advisors LLC Has $140,000 Stock Holdings in Mizuho Financial Group, Inc. $MFG

Farther Finance Advisors LLC lifted its position in Mizuho Financial Group, Inc. (NYSE:MFG) by 20.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,091 shares of the bank’s stock after acquiring an additional 4,183 shares during the period. Farther Finance Advisors LLC’s holdings in Mizuho Financial Group were worth $140,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MFG. Brooklyn Investment Group raised its holdings in Mizuho Financial Group by 166.3% during the 1st quarter. Brooklyn Investment Group now owns 5,499 shares of the bank’s stock worth $30,000 after buying an additional 3,434 shares during the period. Allworth Financial LP raised its holdings in Mizuho Financial Group by 81.8% during the 1st quarter. Allworth Financial LP now owns 6,611 shares of the bank’s stock worth $36,000 after buying an additional 2,975 shares during the period. Quantbot Technologies LP acquired a new stake in Mizuho Financial Group during the 1st quarter worth approximately $42,000. International Private Wealth Advisors LLC acquired a new stake in Mizuho Financial Group during the 1st quarter worth approximately $55,000. Finally, Brighton Jones LLC raised its holdings in Mizuho Financial Group by 19.3% during the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock worth $60,000 after buying an additional 1,998 shares during the period. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Mizuho Financial Group Price Performance

NYSE MFG opened at $6.45 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.21. Mizuho Financial Group, Inc. has a 12-month low of $4.01 and a 12-month high of $6.87. The company has a market capitalization of $81.29 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 0.79 and a beta of 0.35. The firm’s 50 day moving average is $6.46 and its 200-day moving average is $5.72.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings data on Thursday, July 31st. The bank reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. Mizuho Financial Group had a net margin of 10.16% and a return on equity of 8.48%. The company had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.42 billion. Equities research analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MFG has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Mizuho Financial Group from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Zacks Research downgraded shares of Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Mizuho Financial Group 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.