Envestnet Asset Management Inc. Buys 59,671 Shares of Mizuho Financial Group, Inc. (NYSE:MFG)

Envestnet Asset Management Inc. raised its stake in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,602,728 shares of the bank's stock after acquiring an additional 59,671 shares during the period. Envestnet Asset Management Inc.'s holdings in Mizuho Financial Group were worth $8,831,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MFG. Brighton Jones LLC raised its holdings in shares of Mizuho Financial Group by 19.3% during the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank's stock worth $60,000 after buying an additional 1,998 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Mizuho Financial Group by 20.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 952,107 shares of the bank's stock worth $4,656,000 after acquiring an additional 158,478 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Mizuho Financial Group during the 4th quarter worth $5,951,000. HighTower Advisors LLC grew its position in Mizuho Financial Group by 28.4% during the 4th quarter. HighTower Advisors LLC now owns 332,302 shares of the bank's stock worth $1,625,000 after acquiring an additional 73,573 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in Mizuho Financial Group by 23.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 65,542 shares of the bank's stock worth $320,000 after acquiring an additional 12,636 shares during the last quarter. Institutional investors and hedge funds own 3.26% of the company's stock.

Mizuho Financial Group Price Performance

MFG stock traded up $0.10 during midday trading on Thursday, reaching $6.23. 1,676,631 shares of the stock were exchanged, compared to its average volume of 2,848,758. The stock has a market capitalization of $78.41 billion, a PE ratio of 13.24, a P/E/G ratio of 0.65 and a beta of 0.38. Mizuho Financial Group, Inc. has a 52 week low of $3.45 and a 52 week high of $6.24. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.99 and a quick ratio of 0.99. The company has a fifty day moving average price of $5.52 and a 200 day moving average price of $5.36.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The bank reported $0.03 earnings per share for the quarter, hitting analysts' consensus estimates of $0.03. The business had revenue of $12.84 billion for the quarter, compared to analyst estimates of $5.38 billion. Mizuho Financial Group had a return on equity of 10.37% and a net margin of 9.81%. As a group, analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal 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.