Raymond James Financial Inc. Has $5.71 Million Position in Mizuho Financial Group, Inc. $MFG

Key Points

• Raymond James Financial Inc. decreased its stake in Mizuho Financial Group by 14.8%, holding 1,037,056 shares worth approximately $5.71 million after selling 179,874 shares in the first quarter.
• Mizuho Financial Group's stock has recently been rated as a "hold" by several analysts, with Zacks Research downgrading it from a "strong-buy" rating.
• For the most recent quarter, Mizuho Financial Group reported earnings per share of $0.15, meeting expectations, while revenue was slightly below the consensus estimate at $5.13 billion.

Raymond James Financial Inc. trimmed its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 14.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,037,056 shares of the bank's stock after selling 179,874 shares during the quarter. Raymond James Financial Inc.'s holdings in Mizuho Financial Group were worth $5,714,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. American Century Companies Inc. lifted its position in Mizuho Financial Group by 3.5% during the first quarter. American Century Companies Inc. now owns 2,845,350 shares of the bank's stock worth $15,678,000 after purchasing an additional 95,035 shares during the period. Russell Investments Group Ltd. raised its position in shares of Mizuho Financial Group by 40.4% in the 1st quarter. Russell Investments Group Ltd. now owns 130,246 shares of the bank's stock valued at $718,000 after buying an additional 37,450 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Mizuho Financial Group by 2.0% during the 1st quarter. HighTower Advisors LLC now owns 338,814 shares of the bank's stock worth $1,867,000 after acquiring an additional 6,512 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in shares of Mizuho Financial Group during the 1st quarter worth approximately $143,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Mizuho Financial Group during the 1st quarter worth approximately $2,514,000. 3.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on MFG. Zacks Research downgraded Mizuho Financial Group from a "strong-buy" rating to a "hold" rating in a report on Monday, August 25th. Wall Street Zen upgraded Mizuho Financial Group from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Mizuho Financial Group currently has a consensus rating of "Hold".

Mizuho Financial Group Stock Down 2.4%

Shares of NYSE MFG opened at $6.38 on Thursday. The company has a 50 day simple moving average of $6.03 and a 200 day simple moving average of $5.58. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.96 and a quick ratio of 0.96. Mizuho Financial Group, Inc. has a 1 year low of $3.91 and a 1 year high of $6.79. The firm has a market cap of $80.30 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 0.88 and a beta of 0.37.

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

About Mizuho Financial Group

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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