Raymond James Financial Inc. decreased its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 14.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC boosted its holdings in Mizuho Financial Group by 54.7% in the fourth quarter. Lazard Asset Management LLC now owns 23,558,714 shares of the bank's stock worth $115,201,000 after purchasing an additional 8,329,657 shares during the last quarter. Bank of America Corp DE boosted its holdings in Mizuho Financial Group by 18.0% in the fourth quarter. Bank of America Corp DE now owns 16,121,663 shares of the bank's stock worth $78,835,000 after purchasing an additional 2,454,233 shares during the last quarter. Northern Trust Corp boosted its holdings in Mizuho Financial Group by 86.1% in the fourth quarter. Northern Trust Corp now owns 9,743,983 shares of the bank's stock worth $47,648,000 after purchasing an additional 4,508,649 shares during the last quarter. American Century Companies Inc. boosted its holdings in Mizuho Financial Group by 3.5% in 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 last quarter. Finally, Millennium Management LLC boosted its holdings in Mizuho Financial Group by 129.2% in the fourth quarter. Millennium Management LLC now owns 1,620,882 shares of the bank's stock worth $7,926,000 after purchasing an additional 913,639 shares during the last quarter. Hedge funds and other institutional investors own 3.26% of the company's stock.
Mizuho Financial Group Price Performance
NYSE MFG traded down $0.05 on Tuesday, reaching $6.62. The company had a trading volume of 667,366 shares, compared to its average volume of 2,722,367. The firm's 50 day moving average price is $6.09 and its 200 day moving average price is $5.59. Mizuho Financial Group, Inc. has a 12 month low of $3.91 and a 12 month high of $6.79. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $83.44 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 0.80 and a beta of 0.37.
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, hitting analysts' consensus estimates of $0.15. Mizuho Financial Group had a net margin of 10.16% and a return on equity of 8.48%. The firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.42 billion. As a group, equities analysts predict that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.
Wall Street Analyst Weigh In
MFG has been the topic of several recent research reports. Wall Street Zen upgraded shares of Mizuho Financial Group from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Zacks Research downgraded shares of Mizuho Financial Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 25th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold".
Read Our Latest Report on Mizuho Financial Group
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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