Charles Schwab Investment Management Inc. Raises Stock Holdings in Mizuho Financial Group, Inc. $MFG

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Mizuho Financial Group by 17.8%, owning a total of 1,121,350 shares valued at approximately $6,179,000.
• Mizuho Financial Group reported earnings of $0.15 EPS, matching analyst expectations, but fell short on revenue, with actual earnings of $5.13 billion against expectations of $5.42 billion.
• Recent analyst ratings have mixed views, with Zacks Research downgrading Mizuho from "strong-buy" to "hold," while another analyst upgraded it from "sell" to "hold."

Charles Schwab Investment Management Inc. grew its stake in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 17.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,121,350 shares of the bank's stock after purchasing an additional 169,243 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Mizuho Financial Group were worth $6,179,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MFG. Brighton Jones LLC increased its holdings in shares of Mizuho Financial Group by 19.3% in the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank's stock valued at $60,000 after purchasing an additional 1,998 shares during the period. Guggenheim Capital LLC increased its holdings in shares of Mizuho Financial Group by 53.1% in the fourth quarter. Guggenheim Capital LLC now owns 33,837 shares of the bank's stock valued at $165,000 after purchasing an additional 11,729 shares during the period. Marshall Wace LLP acquired a new position in shares of Mizuho Financial Group in the fourth quarter valued at approximately $137,000. First Trust Advisors LP acquired a new position in shares of Mizuho Financial Group in the fourth quarter valued at approximately $1,977,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Mizuho Financial Group by 23.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 560,778 shares of the bank's stock valued at $2,742,000 after purchasing an additional 106,467 shares during the period. Institutional investors and hedge funds own 3.26% of the company's stock.

Mizuho Financial Group Price Performance

Mizuho Financial Group stock traded down $0.06 during trading hours 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 company has a debt-to-equity ratio of 1.21, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $83.33 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 0.88 and a beta of 0.37. Mizuho Financial Group, Inc. has a 1-year low of $3.91 and a 1-year high of $6.79. The stock's fifty day moving average is $5.97 and its two-hundred day moving average is $5.56.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last posted its earnings results on Thursday, July 31st. The bank reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. Mizuho Financial Group had a return on equity of 8.48% and a net margin of 10.16%.The company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.42 billion. As a group, analysts predict that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MFG. Wall Street Zen raised Mizuho Financial Group from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Zacks Research lowered Mizuho Financial Group from a "strong-buy" rating to a "hold" rating in a report on Monday, August 25th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold".

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.