Rhumbline Advisers Reduces Stake in Mizuho Financial Group, Inc. $MFG

Rhumbline Advisers lowered its holdings in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 12.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 288,330 shares of the bank's stock after selling 42,235 shares during the quarter. Rhumbline Advisers' holdings in Mizuho Financial Group were worth $1,589,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Brighton Jones LLC grew its stake in Mizuho Financial Group by 19.3% during the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank's stock worth $60,000 after buying an additional 1,998 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Mizuho Financial Group by 45.6% during the 4th quarter. Ameriprise Financial Inc. now owns 108,333 shares of the bank's stock worth $530,000 after buying an additional 33,950 shares during the last quarter. Cetera Investment Advisers grew its stake in Mizuho Financial Group by 114.4% during the 4th quarter. Cetera Investment Advisers now owns 98,638 shares of the bank's stock worth $482,000 after buying an additional 52,621 shares during the last quarter. Focus Partners Wealth grew its stake in Mizuho Financial Group by 48.1% during the 4th quarter. Focus Partners Wealth now owns 22,693 shares of the bank's stock worth $111,000 after buying an additional 7,372 shares during the last quarter. Finally, Millennium Management LLC grew its stake in Mizuho Financial Group by 129.2% during the 4th quarter. Millennium Management LLC now owns 1,620,882 shares of the bank's stock worth $7,926,000 after buying an additional 913,639 shares during the last quarter. Hedge funds and other institutional investors own 3.26% of the company's stock.

Analyst Ratings Changes

A number of analysts have 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 report on Sunday, August 3rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Mizuho Financial Group currently has a consensus rating of "Hold".

Mizuho Financial Group Stock Performance

Mizuho Financial Group stock opened at $6.59 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a fifty day moving average of $6.26 and a two-hundred day moving average of $5.65. The company has a market capitalization of $83.01 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 0.80 and a beta of 0.37. Mizuho Financial Group, Inc. has a fifty-two week low of $3.97 and a fifty-two week high of $6.79.

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 for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.42 billion. Mizuho Financial Group had a return on equity of 8.48% and a net margin of 10.16%. On average, analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal 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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