Envestnet Asset Management Inc. Grows Position in Mizuho Financial Group, Inc. (NYSE:MFG)

Envestnet Asset Management Inc. increased its holdings in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 33.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,543,057 shares of the bank's stock after acquiring an additional 386,742 shares during the period. Envestnet Asset Management Inc.'s holdings in Mizuho Financial Group were worth $7,546,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MFG. Wilmington Savings Fund Society FSB acquired a new stake in shares of Mizuho Financial Group in the third quarter valued at $25,000. Spire Wealth Management increased its stake in Mizuho Financial Group by 377.8% during the fourth quarter. Spire Wealth Management now owns 5,504 shares of the bank's stock worth $27,000 after purchasing an additional 4,352 shares during the period. CogentBlue Wealth Advisors LLC purchased a new position in shares of Mizuho Financial Group in the fourth quarter valued at approximately $50,000. Sierra Ocean LLC acquired a new position in shares of Mizuho Financial Group in the fourth quarter valued at approximately $55,000. Finally, Moors & Cabot Inc. purchased a new stake in Mizuho Financial Group during the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 3.26% of the company's stock.

Mizuho Financial Group Stock Down 0.7 %

Shares of MFG traded down $0.04 during midday trading on Friday, hitting $4.92. The company had a trading volume of 879,984 shares, compared to its average volume of 1,681,441. The company's 50-day simple moving average is $5.34 and its 200-day simple moving average is $5.04. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.96 and a current ratio of 0.97. Mizuho Financial Group, Inc. has a 1 year low of $3.45 and a 1 year high of $6.08. The firm has a market capitalization of $61.91 billion, a P/E ratio of 12.29, a P/E/G ratio of 0.76 and a beta of 0.33.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last posted its earnings results on Monday, February 3rd. The bank reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. Mizuho Financial Group had a return on equity of 8.56% and a net margin of 7.85%. As a group, sell-side 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.