Corient Private Wealth LLC Has $1.36 Million Holdings in Mizuho Financial Group, Inc. $MFG

Corient Private Wealth LLC raised its stake in Mizuho Financial Group, Inc. (NYSE:MFG) by 65.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 244,990 shares of the bank’s stock after purchasing an additional 96,566 shares during the period. Corient Private Wealth LLC’s holdings in Mizuho Financial Group were worth $1,362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in Mizuho Financial Group by 17.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,121,350 shares of the bank’s stock valued at $6,179,000 after acquiring an additional 169,243 shares during the period. HB Wealth Management LLC grew its holdings in shares of Mizuho Financial Group by 22.1% during the 2nd quarter. HB Wealth Management LLC now owns 41,444 shares of the bank’s stock worth $230,000 after purchasing an additional 7,497 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Mizuho Financial Group during the second quarter valued at approximately $2,005,000. Northern Trust Corp raised 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 valued at $54,847,000 after purchasing an additional 210,073 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Mizuho Financial Group by 36.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,205 shares of the bank’s stock worth $101,000 after purchasing an additional 4,862 shares during the period. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (a-)” rating on shares of Mizuho Financial Group in a report on Monday. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Mizuho Financial Group Stock Performance

Shares of NYSE:MFG opened at $7.42 on Thursday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.96 and a quick ratio of 0.96. The business’s fifty day moving average price is $6.91 and its two-hundred day moving average price is $6.40. Mizuho Financial Group, Inc. has a fifty-two week low of $4.04 and a fifty-two week high of $7.64. The stock has a market capitalization of $92.73 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 0.82 and a beta of 0.35.

Mizuho Financial Group (NYSE:MFG) last issued its earnings results on Friday, November 28th. The bank reported ($1.61) EPS for the quarter. Mizuho Financial Group had a net margin of 11.57% and a return on equity of 9.20%. The firm had revenue of $7.53 billion during the quarter. As a group, analysts predict that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

About Mizuho Financial Group

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.