Legacy Wealth Asset Management LLC increased its stake in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 72.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 237,588 shares of the bank's stock after purchasing an additional 99,604 shares during the quarter. Legacy Wealth Asset Management LLC's holdings in Mizuho Financial Group were worth $1,321,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of MFG. Brighton Jones LLC grew its stake in Mizuho Financial Group by 19.3% in the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank's stock valued at $60,000 after buying an additional 1,998 shares in the last quarter. GAMMA Investing LLC grew its stake in Mizuho Financial Group by 14.4% in the 1st quarter. GAMMA Investing LLC now owns 67,561 shares of the bank's stock valued at $372,000 after buying an additional 8,491 shares in the last quarter. GHP Investment Advisors Inc. purchased a new position in Mizuho Financial Group in the 1st quarter valued at approximately $94,000. Sequoia Financial Advisors LLC grew its stake in Mizuho Financial Group by 5.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 109,517 shares of the bank's stock valued at $603,000 after buying an additional 5,804 shares in the last quarter. Finally, PDS Planning Inc grew its stake in Mizuho Financial Group by 8.7% in the 1st quarter. PDS Planning Inc now owns 70,381 shares of the bank's stock valued at $388,000 after buying an additional 5,634 shares in the last quarter. 3.26% of the stock is currently owned by hedge funds and other institutional investors.
Mizuho Financial Group Stock Up 3.9%
Shares of NYSE:MFG opened at $6.48 on Tuesday. Mizuho Financial Group, Inc. has a 52-week low of $4.04 and a 52-week high of $6.87. The firm has a fifty day moving average of $6.54 and a 200 day moving average of $5.78. The firm has a market capitalization of $80.92 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 0.76 and a beta of 0.35. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.96 and a current ratio of 0.96.
Mizuho Financial Group (NYSE:MFG - Get Free Report) last announced its earnings results on Thursday, July 31st. The bank reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. Mizuho Financial Group had a net margin of 10.16% and a return on equity of 8.48%. The company had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.42 billion. As a group, research analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research firms recently weighed in on MFG. Wall Street Zen upgraded shares of Mizuho Financial Group from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. Zacks Research lowered shares of Mizuho Financial Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 25th. Finally, Weiss Ratings restated a "buy (b+)" rating on shares of Mizuho Financial Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy".
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About Mizuho Financial Group
(
Free Report)
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.
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