Pinnacle Wealth Planning Services Inc. Increases Stock Position in Mizuho Financial Group, Inc. $MFG

Pinnacle Wealth Planning Services Inc. raised its position in Mizuho Financial Group, Inc. (NYSE:MFG) by 8.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,769 shares of the bank’s stock after acquiring an additional 2,879 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Mizuho Financial Group were worth $208,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vident Advisory LLC grew its stake in shares of Mizuho Financial Group by 10.8% in the first quarter. Vident Advisory LLC now owns 149,552 shares of the bank’s stock worth $824,000 after purchasing an additional 14,524 shares during the last quarter. Ieq Capital LLC raised its position in Mizuho Financial Group by 8.9% during the 1st quarter. Ieq Capital LLC now owns 116,714 shares of the bank’s stock valued at $643,000 after purchasing an additional 9,570 shares during the last quarter. Freedom Investment Management Inc. purchased a new stake in Mizuho Financial Group in the 1st quarter worth approximately $563,000. ICONIQ Capital LLC grew its position in shares of Mizuho Financial Group by 15.8% in the 1st quarter. ICONIQ Capital LLC now owns 99,460 shares of the bank’s stock worth $548,000 after buying an additional 13,563 shares during the last quarter. Finally, Compound Planning Inc. increased its stake in shares of Mizuho Financial Group by 14.1% during the first quarter. Compound Planning Inc. now owns 149,180 shares of the bank’s stock valued at $822,000 after buying an additional 18,454 shares during the period. 3.26% of the stock is owned by institutional investors.

Mizuho Financial Group Price Performance

MFG stock opened at $6.62 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a 50 day moving average price of $5.97 and a 200-day moving average price of $5.56. Mizuho Financial Group, Inc. has a 52-week low of $3.91 and a 52-week high of $6.79. The firm has a market capitalization of $83.33 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 0.88 and a beta of 0.37.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings results on Thursday, July 31st. The bank reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. Mizuho Financial Group had a return on equity of 8.48% and a net margin of 10.16%.The company had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.42 billion. Equities research analysts forecast that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MFG shares. Zacks Research lowered Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. Wall Street Zen raised shares of Mizuho Financial Group from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Mizuho Financial Group has an average rating of “Hold”.

Mizuho Financial Group Profile

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 Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, Asset Management Company, and Others segments.