Axxcess Wealth Management LLC Has $119,000 Stock Position in Mizuho Financial Group, Inc. $MFG

Axxcess Wealth Management LLC decreased its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 20.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,407 shares of the bank’s stock after selling 5,582 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Mizuho Financial Group were worth $119,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MFG. Brooklyn Investment Group grew its stake in Mizuho Financial Group by 166.3% in the 1st quarter. Brooklyn Investment Group now owns 5,499 shares of the bank’s stock valued at $30,000 after buying an additional 3,434 shares during the last quarter. Allworth Financial LP grew its stake in Mizuho Financial Group by 81.8% in the 1st quarter. Allworth Financial LP now owns 6,611 shares of the bank’s stock valued at $36,000 after buying an additional 2,975 shares during the last quarter. Quantbot Technologies LP acquired a new position in Mizuho Financial Group in the 1st quarter valued at $42,000. Brighton Jones LLC grew its stake in Mizuho Financial Group by 19.3% in the 4th 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. Finally, TD Private Client Wealth LLC acquired a new position in Mizuho Financial Group in the 2nd quarter valued at $63,000. Institutional investors and hedge funds own 3.26% of the company’s stock.

Analyst Upgrades and Downgrades

MFG has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b+)” rating on shares of Mizuho Financial Group in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Mizuho Financial Group from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Finally, Zacks Research lowered shares of Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Mizuho Financial Group currently has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Price Performance

Shares of Mizuho Financial Group stock opened at $6.23 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.96 and a quick ratio of 0.96. Mizuho Financial Group, Inc. has a fifty-two week low of $4.04 and a fifty-two week high of $6.87. The firm has a fifty day moving average price of $6.53 and a two-hundred day moving average price of $5.77. The company has a market cap of $77.85 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 0.76 and a beta of 0.35.

Mizuho Financial Group (NYSE:MFG) last issued its quarterly earnings results on Thursday, July 31st. The bank reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. Mizuho Financial Group had a net margin of 10.16% and a return on equity of 8.48%. The firm had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.42 billion. Analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Mizuho Financial Group Company 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.