Wealth Enhancement Advisory Services LLC Has $425,000 Position in Mizuho Financial Group, Inc. $MFG

Wealth Enhancement Advisory Services LLC decreased its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 10.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 75,565 shares of the bank’s stock after selling 8,781 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Mizuho Financial Group were worth $425,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Mizuho Financial Group by 19.3% in the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock valued at $60,000 after buying an additional 1,998 shares in the last quarter. Merit Financial Group LLC increased its stake in Mizuho Financial Group by 6.7% in the first quarter. Merit Financial Group LLC now owns 38,476 shares of the bank’s stock valued at $212,000 after purchasing an additional 2,414 shares in the last quarter. Choreo LLC grew its position in shares of Mizuho Financial Group by 2.8% in the 1st quarter. Choreo LLC now owns 101,081 shares of the bank’s stock valued at $557,000 after purchasing an additional 2,720 shares during the period. Legacy Financial Advisors Inc. boosted its position in shares of Mizuho Financial Group by 19.9% during the first quarter. Legacy Financial Advisors Inc. now owns 16,421 shares of the bank’s stock worth $90,000 after buying an additional 2,730 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Mizuho Financial Group by 8.3% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 37,769 shares of the bank’s stock worth $208,000 after buying an additional 2,879 shares during the last quarter. 3.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MFG has been the topic of a number of research analyst reports. Zacks Research cut Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Mizuho Financial Group in a report on Saturday, September 27th. Finally, Wall Street Zen raised shares of Mizuho Financial Group from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Mizuho Financial Group Trading Down 1.8%

NYSE MFG opened at $6.49 on Tuesday. Mizuho Financial Group, Inc. has a 12 month low of $4.04 and a 12 month high of $6.87. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.21. The business has a fifty day simple moving average of $6.48 and a 200 day simple moving average of $5.72. The firm has a market capitalization of $81.75 billion, a P/E ratio of 13.52, a PEG ratio of 0.80 and a beta of 0.35.

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

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.