Mizuho Financial Group, Inc. $MFG Shares Bought by Assetmark Inc.

Assetmark Inc. raised its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 86.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 152,629 shares of the bank’s stock after purchasing an additional 70,587 shares during the quarter. Assetmark Inc.’s holdings in Mizuho Financial Group were worth $1,023,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of MFG. Brighton Jones LLC boosted its position in Mizuho Financial Group by 19.3% in the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock valued at $60,000 after buying an additional 1,998 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Mizuho Financial Group by 29.3% in the 1st quarter. AQR Capital Management LLC now owns 392,998 shares of the bank’s stock valued at $2,165,000 after acquiring an additional 89,095 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in 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. Focus Partners Wealth boosted its holdings in Mizuho Financial Group by 129.0% during the first quarter. Focus Partners Wealth now owns 51,966 shares of the bank’s stock worth $286,000 after buying an additional 29,273 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in Mizuho Financial Group by 89.6% during the first quarter. Acadian Asset Management LLC now owns 13,663 shares of the bank’s stock valued at $74,000 after buying an additional 6,455 shares during the period. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Mizuho Financial Group Stock Up 0.5%

Shares of MFG opened at $9.37 on Friday. The stock has a 50 day moving average price of $8.38 and a 200 day moving average price of $7.25. 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 quick ratio of 0.96 and a current ratio of 0.97. The stock has a market capitalization of $116.38 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 0.73 and a beta of 0.37.

Mizuho Financial Group (NYSE:MFG) last announced its quarterly earnings data on Monday, February 2nd. The bank reported $0.16 earnings per share 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 company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $5.58 billion. Equities research analysts forecast that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current fiscal year.

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.