Rhumbline Advisers Reduces Stock Position in Mizuho Financial Group, Inc. $MFG

Rhumbline Advisers trimmed its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 29.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,365 shares of the bank’s stock after selling 82,872 shares during the quarter. Rhumbline Advisers’ holdings in Mizuho Financial Group were worth $1,363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MFG. Aaron Wealth Advisors LLC raised its holdings in Mizuho Financial Group by 1.5% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 107,860 shares of the bank’s stock valued at $723,000 after buying an additional 1,569 shares during the period. Jones Financial Companies Lllp increased its position in Mizuho Financial Group by 22.9% during the third quarter. Jones Financial Companies Lllp now owns 9,150 shares of the bank’s stock valued at $63,000 after acquiring an additional 1,704 shares during the last quarter. CWM LLC raised its stake in shares of Mizuho Financial Group by 7.5% in the third quarter. CWM LLC now owns 25,154 shares of the bank’s stock valued at $169,000 after acquiring an additional 1,763 shares during the period. Seeds Investor LLC lifted its holdings in shares of Mizuho Financial Group by 18.6% in the 2nd quarter. Seeds Investor LLC now owns 12,237 shares of the bank’s stock worth $68,000 after acquiring an additional 1,917 shares during the last quarter. Finally, Brighton Jones LLC lifted its holdings 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 worth $60,000 after acquiring an additional 1,998 shares during the last quarter. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Mizuho Financial Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Mizuho Financial Group Price Performance

Shares of MFG stock opened at $8.89 on Monday. The company has a market capitalization of $110.42 billion, a P/E ratio of 15.59, a P/E/G ratio of 0.69 and a beta of 0.36. The company’s 50-day simple moving average is $8.54 and its two-hundred day simple moving average is $7.36. Mizuho Financial Group, Inc. has a one year low of $4.04 and a one year high of $10.28. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.97 and a quick ratio of 0.96.

Mizuho Financial Group (NYSE:MFG) last announced its quarterly earnings results on Monday, February 2nd. The bank reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Mizuho Financial Group had a return on equity of 9.23% and a net margin of 12.31%.The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $5.58 billion. As a group, equities analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Mizuho Financial Group Company Profile

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.