Freedom Investment Management Inc. Makes New Investment in Mizuho Financial Group, Inc. $MFG

Key Points

• Freedom Investment Management Inc. acquired a new stake in Mizuho Financial Group, Inc., purchasing 102,215 shares valued at approximately $563,000.
• Several other institutional investors also increased their stakes in Mizuho Financial Group, with Brooklyn Investment Group raising its holdings by 166.3% during the same period.
• Analysts recently upgraded Mizuho Financial Group from a "sell" rating to a "hold" rating, indicating a more favorable outlook for the company's stock.

Freedom Investment Management Inc. acquired a new stake in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 102,215 shares of the bank's stock, valued at approximately $563,000.

Other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group boosted its position in shares of Mizuho Financial Group by 166.3% in the first quarter. Brooklyn Investment Group now owns 5,499 shares of the bank's stock valued at $30,000 after acquiring an additional 3,434 shares during the period. Allworth Financial LP boosted its position in shares of Mizuho Financial Group by 81.8% in the first quarter. Allworth Financial LP now owns 6,611 shares of the bank's stock valued at $36,000 after acquiring an additional 2,975 shares during the period. Quantbot Technologies LP bought a new stake in shares of Mizuho Financial Group in the first quarter valued at approximately $42,000. BIP Alliance LLC bought a new stake in shares of Mizuho Financial Group in the fourth quarter valued at approximately $51,000. Finally, International Private Wealth Advisors LLC bought a new stake in shares of Mizuho Financial Group in the first quarter valued at approximately $55,000. 3.26% of the stock is owned by institutional investors.

Mizuho Financial Group Stock Performance

MFG stock traded down $0.06 during midday trading on Monday, hitting $6.62. The stock had a trading volume of 1,646,591 shares, compared to its average volume of 1,986,212. The firm has a market capitalization of $83.33 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 0.88 and a beta of 0.37. Mizuho Financial Group, Inc. has a 52 week low of $3.91 and a 52 week high of $6.79. The stock has a 50-day simple moving average of $5.97 and a 200 day simple moving average of $5.56. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.21.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last issued its earnings results on Thursday, July 31st. The bank reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $5.13 billion during the quarter, compared to analysts' expectations of $5.42 billion. Mizuho Financial Group had a return on equity of 8.48% and a net margin of 10.16%. As a group, equities research analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MFG shares. Zacks Research cut Mizuho Financial Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 25th. Wall Street Zen raised Mizuho Financial Group from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

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.