Mizuho Financial Group, Inc. $MFG Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,645,460 shares of the bank’s stock after purchasing an additional 84,386 shares during the period. Envestnet Asset Management Inc.’s holdings in Mizuho Financial Group were worth $11,025,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aaron Wealth Advisors LLC raised its position in shares of 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 acquiring an additional 1,569 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Mizuho Financial Group by 22.9% during the 3rd 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 in the last quarter. CWM LLC lifted its holdings in Mizuho Financial Group by 7.5% in the third quarter. CWM LLC now owns 25,154 shares of the bank’s stock worth $169,000 after purchasing an additional 1,763 shares during the period. Seeds Investor LLC lifted its stake 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 period. Finally, Brighton Jones LLC boosted its stake in Mizuho Financial Group by 19.3% during the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock valued at $60,000 after purchasing an additional 1,998 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 1.4%

MFG opened at $9.21 on Thursday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.96 and a current ratio of 0.97. The business has a 50 day moving average price of $8.30 and a 200 day moving average price of $7.21. The firm has a market cap of $114.40 billion, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 0.73 and a beta of 0.37. Mizuho Financial Group, Inc. has a twelve month low of $4.04 and a twelve month high of $10.28.

Mizuho Financial Group (NYSE:MFG) last announced its earnings results on Monday, February 2nd. The bank reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $5.58 billion. Mizuho Financial Group had a net margin of 12.31% and a return on equity of 9.23%. Research analysts forecast that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Mizuho Financial Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Mizuho Financial Group 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.