Balentine LLC Acquires 31,733 Shares of Mizuho Financial Group, Inc. (NYSE:MFG)

Balentine LLC increased its holdings in Mizuho Financial Group, Inc. (NYSE:MFGGet Rating) by 201.5% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 47,483 shares of the bank’s stock after buying an additional 31,733 shares during the quarter. Balentine LLC’s holdings in Mizuho Financial Group were worth $122,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its holdings in Mizuho Financial Group by 25.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,149,095 shares of the bank’s stock worth $2,953,000 after buying an additional 236,581 shares in the last quarter. American Century Companies Inc. boosted its position in Mizuho Financial Group by 4.3% in the fourth quarter. American Century Companies Inc. now owns 436,792 shares of the bank’s stock worth $1,114,000 after purchasing an additional 18,047 shares during the last quarter. Veriti Management LLC boosted its position in Mizuho Financial Group by 57.0% in the first quarter. Veriti Management LLC now owns 304,878 shares of the bank’s stock worth $784,000 after purchasing an additional 110,732 shares during the last quarter. Forum Financial Management LP purchased a new position in Mizuho Financial Group in the fourth quarter worth about $736,000. Finally, Advisor Partners LLC boosted its position in Mizuho Financial Group by 9.4% in the first quarter. Advisor Partners LLC now owns 197,631 shares of the bank’s stock worth $508,000 after purchasing an additional 17,055 shares during the last quarter. 1.66% of the stock is currently owned by institutional investors.

Mizuho Financial Group Trading Down 0.4 %

Shares of NYSE:MFG opened at $2.36 on Friday. Mizuho Financial Group, Inc. has a 52-week low of $2.15 and a 52-week high of $3.04. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.89 and a current ratio of 0.84. The stock has a market capitalization of $29.96 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 0.74 and a beta of 0.56. The stock’s 50-day simple moving average is $2.30 and its two-hundred day simple moving average is $2.50.

Mizuho Financial Group (NYSE:MFGGet Rating) last posted its quarterly earnings data on Friday, May 13th. The bank reported $0.05 earnings per share for the quarter. Mizuho Financial Group had a return on equity of 4.38% and a net margin of 9.83%. The firm had revenue of $13.92 billion for the quarter. Analysts expect that Mizuho Financial Group, Inc. will post 0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

MFG has been the topic of several research reports. The Goldman Sachs Group initiated coverage on Mizuho Financial Group in a research report on Wednesday, April 27th. They issued a “neutral” rating on the stock. Bank of America cut Mizuho Financial Group from a “buy” rating to a “neutral” rating in a research report on Thursday, June 23rd.

Mizuho Financial Group Company Profile

(Get Rating)

Mizuho Financial Group, Inc, together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally. It operates through five segments: Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, and Asset Management Company.

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Institutional Ownership by Quarter for Mizuho Financial Group (NYSE:MFG)

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