Envestnet Portfolio Solutions Inc. Trims Position in Mizuho Financial Group, Inc. (NYSE:MFG)

Envestnet Portfolio Solutions Inc. cut its stake in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 79.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,343 shares of the bank's stock after selling 52,199 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Mizuho Financial Group were worth $74,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in 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 during the last quarter. Farther Finance Advisors LLC lifted its holdings in Mizuho Financial Group by 10.8% during the 4th quarter. Farther Finance Advisors LLC now owns 21,129 shares of the bank's stock worth $103,000 after buying an additional 2,054 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Mizuho Financial Group by 51.5% during the 4th quarter. Bessemer Group Inc. now owns 6,430 shares of the bank's stock worth $31,000 after buying an additional 2,187 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in Mizuho Financial Group by 6.7% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 34,890 shares of the bank's stock worth $171,000 after buying an additional 2,188 shares during the last quarter. Finally, Lido Advisors LLC lifted its holdings in Mizuho Financial Group by 9.2% during the 4th quarter. Lido Advisors LLC now owns 26,798 shares of the bank's stock worth $131,000 after buying an additional 2,249 shares during the last quarter. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Mizuho Financial Group Stock Down 0.2%

NYSE MFG traded down $0.01 during trading on Friday, reaching $5.58. 2,037,831 shares of the company's stock were exchanged, compared to its average volume of 2,122,819. The stock has a market cap of $70.29 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 0.71 and a beta of 0.38. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50 day moving average price of $5.37 and a two-hundred day moving average price of $5.30. Mizuho Financial Group, Inc. has a 1 year low of $3.45 and a 1 year high of $6.08.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last posted its earnings results on Thursday, May 15th. The bank reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $5.38 billion. Mizuho Financial Group had a return on equity of 10.37% and a net margin of 9.81%. On average, equities research analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

Mizuho Financial Group 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.