Mizuho Financial Group, Inc. $MFG Stock Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its holdings in Mizuho Financial Group, Inc. (NYSE:MFG) by 10.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 595,910 shares of the bank’s stock after selling 72,300 shares during the period. Crossmark Global Holdings Inc.’s holdings in Mizuho Financial Group were worth $6,585,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Artemis Investment Management LLP lifted its position in shares of Mizuho Financial Group by 84.6% in the third quarter. Artemis Investment Management LLP now owns 7,433,017 shares of the bank’s stock worth $82,135,000 after purchasing an additional 3,406,701 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in Mizuho Financial Group by 58.8% during the first quarter. Quantinno Capital Management LP now owns 2,906,954 shares of the bank’s stock worth $23,081,000 after purchasing an additional 1,076,717 shares during the last quarter. QRG Capital Management Inc. grew its position in Mizuho Financial Group by 14.3% in the second quarter. QRG Capital Management Inc. now owns 765,157 shares of the bank’s stock valued at $7,330,000 after purchasing an additional 95,651 shares in the last quarter. WCM Investment Management LLC bought a new position in Mizuho Financial Group in the first quarter valued at $7,014,000. Finally, Quadrant Capital Group LLC grew its position in Mizuho Financial Group by 0.7% in the third quarter. Quadrant Capital Group LLC now owns 610,651 shares of the bank’s stock valued at $6,473,000 after purchasing an additional 4,237 shares in the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Mizuho Financial Group from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the company presently has an average rating of “Strong Buy”.

Mizuho Financial Group Stock Performance

MFG opened at $9.72 on Friday. Mizuho Financial Group, Inc. has a 52-week low of $6.40 and a 52-week high of $11.49. The firm has a market capitalization of $120.09 billion, a PE ratio of 12.67, a PEG ratio of 0.66 and a beta of 0.48. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.93 and a current ratio of 0.93. The business’s 50-day simple moving average is $10.72 and its 200 day simple moving average is $9.94.

Mizuho Financial Group (NYSE:MFG) last issued its quarterly earnings results on Thursday, July 30th. The bank reported $0.22 EPS for the quarter, beating the consensus estimate of $0.17 by $0.05. The firm had revenue of $8.55 billion during the quarter, compared to analysts’ expectations of $5.51 billion. Mizuho Financial Group had a return on equity of 12.82% and a net margin of 17.15%. As a group, sell-side analysts expect that Mizuho Financial Group, Inc. will post 0.75 earnings per share for the current fiscal year.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc is a Japan-based financial services holding company headquartered in Tokyo. Through its subsidiaries, the group provides banking, trust banking, securities, asset management, and other financial services to individuals, businesses, financial institutions, and public-sector organizations.

Its principal businesses include deposits and lending, payments and settlement services, foreign exchange, investment banking, securities brokerage and underwriting, trust and asset management, wealth management, and corporate advisory services.