Balentine LLC Grows Position in Mizuho Financial Group, Inc. (NYSE:MFG)

Balentine LLC grew its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFGGet Rating) by 201.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,483 shares of the bank’s stock after purchasing 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 quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Parallel Advisors LLC lifted its stake in Mizuho Financial Group by 69.0% in the first quarter. Parallel Advisors LLC now owns 31,192 shares of the bank’s stock worth $83,000 after acquiring an additional 12,738 shares during the period. Fulton Bank N.A. purchased a new stake in Mizuho Financial Group in the first quarter worth $34,000. apricus wealth LLC purchased a new stake in Mizuho Financial Group in the fourth quarter worth $46,000. Wetherby Asset Management Inc. lifted its stake in Mizuho Financial Group by 9.2% in the fourth quarter. Wetherby Asset Management Inc. now owns 82,164 shares of the bank’s stock worth $210,000 after acquiring an additional 6,929 shares during the period. Finally, Pitcairn Co. purchased a new stake in Mizuho Financial Group in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 1.66% of the company’s stock.

Mizuho Financial Group Price Performance

MFG opened at $2.36 on Friday. The stock has a fifty day simple moving average of $2.30 and a two-hundred day simple moving average of $2.50. The company has a current ratio of 0.84, a quick ratio of 0.89 and a debt-to-equity ratio of 1.28. The company has a market cap of $29.96 billion, a price-to-earnings ratio of 7.87, a price-to-earnings-growth ratio of 0.74 and a beta of 0.56. Mizuho Financial Group, Inc. has a 12-month low of $2.15 and a 12-month high of $3.04.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MFG shares. Bank of America lowered Mizuho Financial Group from a “buy” rating to a “neutral” rating in a research note on Thursday, June 23rd. The Goldman Sachs Group assumed coverage on Mizuho Financial Group in a research note on Wednesday, April 27th. They issued a “neutral” rating for the company.

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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