HB Wealth Management LLC Grows Stock Holdings in Mizuho Financial Group, Inc. $MFG

HB Wealth Management LLC raised its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 22.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,444 shares of the bank’s stock after buying an additional 7,497 shares during the period. HB Wealth Management LLC’s holdings in Mizuho Financial Group were worth $230,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Mizuho Financial Group by 19.3% during the fourth 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. Merit Financial Group LLC raised its stake in shares of 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 acquiring an additional 2,414 shares in the last quarter. BayBridge Capital Group LLC raised its stake in shares of Mizuho Financial Group by 5.9% in the second quarter. BayBridge Capital Group LLC now owns 48,068 shares of the bank’s stock valued at $267,000 after acquiring an additional 2,695 shares in the last quarter. Choreo LLC raised its stake in shares of Mizuho Financial Group by 2.8% in the first quarter. Choreo LLC now owns 101,081 shares of the bank’s stock valued at $557,000 after acquiring an additional 2,720 shares in the last quarter. Finally, Legacy Financial Advisors Inc. raised its stake in shares of Mizuho Financial Group by 19.9% in the first quarter. Legacy Financial Advisors Inc. now owns 16,421 shares of the bank’s stock valued at $90,000 after acquiring an additional 2,730 shares in the last quarter. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Mizuho Financial Group Stock Down 2.1%

MFG opened at $6.35 on Wednesday. The business’s 50-day simple moving average is $6.49 and its 200-day simple moving average is $5.73. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.96 and a current ratio of 0.96. Mizuho Financial Group, Inc. has a one year low of $4.04 and a one year high of $6.87. The stock has a market capitalization of $79.92 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 0.79 and a beta of 0.35.

Mizuho Financial Group (NYSE:MFG) last posted its earnings results on Thursday, July 31st. The bank reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. Mizuho Financial Group had a return on equity of 8.48% and a net margin of 10.16%.The business had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wall Street Zen upgraded Mizuho Financial Group from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Zacks Research cut Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Mizuho Financial Group in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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.