Creative Planning Grows Stock Position in Mizuho Financial Group, Inc. (NYSE:MFG)

Creative Planning grew its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 8.8% during the third quarter, HoldingsChannel reports. The firm owned 803,259 shares of the bank’s stock after buying an additional 65,185 shares during the period. Creative Planning’s holdings in Mizuho Financial Group were worth $3,358,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Perigon Wealth Management LLC acquired a new stake in Mizuho Financial Group during the 1st quarter valued at approximately $41,000. Brighton Jones LLC acquired a new stake in Mizuho Financial Group in the second quarter valued at $43,000. Riversedge Advisors LLC bought a new position in Mizuho Financial Group during the 2nd quarter valued at $46,000. Kathmere Capital Management LLC bought a new position in Mizuho Financial Group during the 2nd quarter valued at $47,000. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Mizuho Financial Group by 26.6% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,896 shares of the bank’s stock worth $51,000 after acquiring an additional 2,712 shares in the last quarter. 3.26% of the stock is owned by institutional investors and hedge funds.

Mizuho Financial Group Price Performance

Shares of NYSE MFG opened at $4.10 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $51.89 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 0.69 and a beta of 0.39. Mizuho Financial Group, Inc. has a twelve month low of $3.14 and a twelve month high of $4.63. The business has a 50 day simple moving average of $4.15 and a 200-day simple moving average of $4.09.

Mizuho Financial Group (NYSE:MFG) last posted its earnings results on Wednesday, July 31st. The bank reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $15.27 billion during the quarter. Mizuho Financial Group had a net margin of 6.38% and a return on equity of 6.64%. As a group, equities research analysts expect that Mizuho Financial Group, Inc. will post 0.44 earnings per share for the current year.

About Mizuho Financial Group

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.