Envestnet Portfolio Solutions Inc. Raises Stock Holdings in Mizuho Financial Group, Inc. $MFG

Envestnet Portfolio Solutions Inc. increased its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 36.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 18,205 shares of the bank’s stock after acquiring an additional 4,862 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Mizuho Financial Group were worth $101,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Allianz SE purchased a new position in shares of Mizuho Financial Group in the 1st quarter valued at $3,251,000. Cerity Partners LLC boosted its position in shares of Mizuho Financial Group by 89.9% in the 1st quarter. Cerity Partners LLC now owns 1,073,626 shares of the bank’s stock worth $5,916,000 after purchasing an additional 508,286 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Mizuho Financial Group in the 1st quarter worth $2,514,000. Callan Family Office LLC boosted its position in shares of Mizuho Financial Group by 153.1% in the 2nd quarter. Callan Family Office LLC now owns 371,418 shares of the bank’s stock worth $2,065,000 after purchasing an additional 224,675 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Mizuho Financial Group by 2.2% in the 1st quarter. Northern Trust Corp now owns 9,954,056 shares of the bank’s stock worth $54,847,000 after purchasing an additional 210,073 shares in the last quarter. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in 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 downgraded 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. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Price Performance

NYSE:MFG opened at $6.47 on Friday. The stock has a 50 day moving average price of $6.54 and a 200 day moving average price of $5.83. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $80.79 billion, a PE ratio of 13.47, a P/E/G ratio of 0.79 and a beta of 0.35. Mizuho Financial Group, Inc. has a one year low of $4.04 and a one year high of $6.87.

Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings results on Thursday, July 31st. The bank reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.42 billion. Mizuho Financial Group had a return on equity of 8.48% and a net margin of 10.16%. Equities research analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS 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.