Envestnet Portfolio Solutions Inc. Sells 52,199 Shares of Mizuho Financial Group, Inc. (NYSE:MFG)

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

A number of other large investors have also modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Mizuho Financial Group by 19.3% in 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. Rhumbline Advisers grew its position in Mizuho Financial Group by 0.7% in the fourth quarter. Rhumbline Advisers now owns 330,565 shares of the bank's stock valued at $1,616,000 after acquiring an additional 2,268 shares during the period. Bank of New York Mellon Corp raised its stake in Mizuho Financial Group by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 831,018 shares of the bank's stock worth $4,064,000 after acquiring an additional 144,353 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Mizuho Financial Group during the fourth quarter valued at $139,000. Finally, US Bancorp DE boosted its stake in shares of Mizuho Financial Group by 23.2% in the 4th quarter. US Bancorp DE now owns 716,319 shares of the bank's stock valued at $3,503,000 after purchasing an additional 134,674 shares in the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Mizuho Financial Group Price Performance

Shares of Mizuho Financial Group stock traded down $0.01 during mid-day trading on Thursday, reaching $5.58. 2,037,831 shares of the stock were exchanged, compared to its average volume of 2,116,229. Mizuho Financial Group, Inc. has a fifty-two week low of $3.45 and a fifty-two week high of $6.08. The company has a market cap of $70.29 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 0.70 and a beta of 0.38. The firm has a 50-day simple moving average of $5.35 and a 200 day simple moving average of $5.29. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The bank reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $12.84 billion during the quarter, compared to analyst estimates of $5.38 billion. Mizuho Financial Group had a net margin of 9.81% and a return on equity of 10.37%. On average, sell-side analysts predict 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.