Aviso Financial Inc. Sells 12,242 Shares of Mizuho Financial Group, Inc. $MFG

Aviso Financial Inc. decreased its holdings in Mizuho Financial Group, Inc. (NYSE:MFG) by 9.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,685 shares of the bank’s stock after selling 12,242 shares during the period. Aviso Financial Inc.’s holdings in Mizuho Financial Group were worth $627,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of MFG. Goldman Sachs Group Inc. boosted its position in shares of Mizuho Financial Group by 0.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,508,417 shares of the bank’s stock worth $79,941,000 after purchasing an additional 57,806 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Mizuho Financial Group by 2.2% in the first quarter. Northern Trust Corp now owns 9,954,056 shares of the bank’s stock worth $54,847,000 after buying an additional 210,073 shares during the last quarter. American Century Companies Inc. grew its holdings in Mizuho Financial Group by 0.5% during the second quarter. American Century Companies Inc. now owns 2,859,999 shares of the bank’s stock worth $15,902,000 after acquiring an additional 14,649 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Mizuho Financial Group by 17.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,121,350 shares of the bank’s stock valued at $6,179,000 after purchasing an additional 169,243 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of Mizuho Financial Group by 8.7% in the 1st quarter. US Bancorp DE now owns 778,316 shares of the bank’s stock valued at $4,289,000 after purchasing an additional 61,997 shares in the last quarter. 3.26% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Stock Up 2.5%

Mizuho Financial Group stock opened at $6.87 on Wednesday. The firm has a market capitalization of $85.79 billion, a P/E ratio of 14.30, a P/E/G ratio of 0.80 and a beta of 0.34. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.21. Mizuho Financial Group, Inc. has a twelve month low of $4.04 and a twelve month high of $7.11. The stock’s fifty day simple moving average is $6.59 and its 200-day simple moving average is $6.13.

Mizuho Financial Group (NYSE:MFG) last released its earnings results on Friday, November 14th. The bank reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Mizuho Financial Group had a return on equity of 8.48% and a net margin of 10.16%.The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.74 billion. As a group, equities analysts expect that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MFG. Wall Street Zen upgraded shares of Mizuho Financial Group from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Weiss Ratings reiterated a “buy (a-)” rating on shares of Mizuho Financial Group in a research report on Thursday, November 20th. Finally, Zacks Research lowered shares of Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “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.