Rhumbline Advisers Sells 42,235 Shares of Mizuho Financial Group, Inc. $MFG

Key Points

• Rhumbline Advisers has reduced its stake in Mizuho Financial Group by 12.8% during the first quarter, now owning 288,330 shares worth approximately $1.59 million.
• Several other hedge funds have increased their stakes, with Millennium Management LLC boosting its shareholding by 129.2%, owning over 1.6 million shares.
• Analysts have varied opinions on Mizuho Financial Group, with Zacks Research downgrading the stock from a "strong-buy" to a "hold" rating, while consensus still leans towards a "hold" rating overall.

Rhumbline Advisers trimmed its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 12.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 288,330 shares of the bank's stock after selling 42,235 shares during the period. Rhumbline Advisers' holdings in Mizuho Financial Group were worth $1,589,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in MFG. Brooklyn Investment Group grew its stake in shares of Mizuho Financial Group by 166.3% during the 1st quarter. Brooklyn Investment Group now owns 5,499 shares of the bank's stock worth $30,000 after acquiring an additional 3,434 shares during the period. Allworth Financial LP increased its stake in shares of Mizuho Financial Group by 81.8% in the first quarter. Allworth Financial LP now owns 6,611 shares of the bank's stock worth $36,000 after purchasing an additional 2,975 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Mizuho Financial Group in the first quarter valued at approximately $42,000. BIP Alliance LLC purchased a new stake in shares of Mizuho Financial Group during the 4th quarter valued at approximately $51,000. Finally, International Private Wealth Advisors LLC purchased a new position in Mizuho Financial Group in the 1st quarter valued at approximately $55,000. 3.26% of the stock is currently owned by institutional investors.

Mizuho Financial Group Price Performance

NYSE MFG traded up $0.12 during trading on Monday, reaching $6.76. The company's stock had a trading volume of 2,163,242 shares, compared to its average volume of 2,010,427. The stock has a market capitalization of $85.19 billion, a PE ratio of 14.09, a P/E/G ratio of 0.81 and a beta of 0.37. 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 firm has a fifty day moving average of $6.31 and a 200 day moving average of $5.66. Mizuho Financial Group, Inc. has a one year low of $3.97 and a one year high of $6.79.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The bank reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.42 billion. Mizuho Financial Group had a return on equity of 8.48% and a net margin of 10.16%. Analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MFG. Zacks Research lowered Mizuho Financial Group from a "strong-buy" rating to a "hold" rating in a 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 equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus 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.