AlphaCore Capital LLC Has $1.27 Million Stock Holdings in Mizuho Financial Group, Inc. $MFG

AlphaCore Capital LLC lifted its position in Mizuho Financial Group, Inc. (NYSE:MFG) by 329.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 189,329 shares of the bank’s stock after buying an additional 145,271 shares during the quarter. AlphaCore Capital LLC’s holdings in Mizuho Financial Group were worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. US Bancorp DE grew its stake in Mizuho Financial Group by 23.7% in the 3rd quarter. US Bancorp DE now owns 944,671 shares of the bank’s stock valued at $6,329,000 after buying an additional 180,686 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Mizuho Financial Group during the third quarter valued at about $83,000. Compound Planning Inc. grew its position in shares of Mizuho Financial Group by 13.7% in the third quarter. Compound Planning Inc. now owns 171,298 shares of the bank’s stock valued at $1,148,000 after purchasing an additional 20,606 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Mizuho Financial Group by 8.7% in the third quarter. EverSource Wealth Advisors LLC now owns 33,168 shares of the bank’s stock worth $222,000 after purchasing an additional 2,650 shares during the period. Finally, Legacy Financial Advisors Inc. acquired a new position in shares of Mizuho Financial Group during the 3rd quarter worth about $121,000. 3.26% of the stock is owned by institutional investors.

Mizuho Financial Group Stock Performance

MFG opened at $9.01 on Friday. The stock has a market cap of $111.97 billion, a PE ratio of 15.81, a P/E/G ratio of 0.69 and a beta of 0.37. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.72. Mizuho Financial Group, Inc. has a 1 year low of $4.04 and a 1 year high of $10.28. The stock’s 50 day simple moving average is $8.51 and its 200-day simple moving average is $7.33.

Mizuho Financial Group (NYSE:MFG) last issued 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 during the quarter, compared to analysts’ expectations of $5.58 billion. Mizuho Financial Group had a return on equity of 9.23% and a net margin of 12.31%. Sell-side analysts forecast that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.