Vanguard Capital Wealth Advisors Sells 128,164 Shares of Mizuho Financial Group, Inc. $MFG

Key Points

• Vanguard Capital Wealth Advisors reduced its holdings in Mizuho Financial Group by 87.9%, selling 128,164 shares during the 2nd quarter and ending up with 17,706 shares valued at $98,000.
• Other hedge funds have recently changed their positions in Mizuho, with Brooklyn Investment Group increasing its holdings by 166.3% during the first quarter.
• Mizuho Financial Group reported earnings per share of $0.15 for the most recent quarter, meeting analysts' expectations, but fell short on revenue with $5.13 billion reported against a $5.42 billion forecast.

Vanguard Capital Wealth Advisors decreased its holdings in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 87.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,706 shares of the bank's stock after selling 128,164 shares during the quarter. Vanguard Capital Wealth Advisors' holdings in Mizuho Financial Group were worth $98,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MFG. Brighton Jones LLC increased its position in shares of Mizuho Financial Group by 19.3% during the 4th 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 last quarter. Ameriprise Financial Inc. increased its position in shares of Mizuho Financial Group by 45.6% during the 4th quarter. Ameriprise Financial Inc. now owns 108,333 shares of the bank's stock valued at $530,000 after purchasing an additional 33,950 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Mizuho Financial Group by 114.4% during the 4th quarter. Cetera Investment Advisers now owns 98,638 shares of the bank's stock valued at $482,000 after purchasing an additional 52,621 shares during the last quarter. Focus Partners Wealth increased its position in shares of Mizuho Financial Group by 48.1% during the 4th quarter. Focus Partners Wealth now owns 22,693 shares of the bank's stock valued at $111,000 after purchasing an additional 7,372 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Mizuho Financial Group by 129.2% during the 4th quarter. Millennium Management LLC now owns 1,620,882 shares of the bank's stock valued at $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

Shares of NYSE MFG traded down $0.01 during midday trading on Tuesday, reaching $6.75. 916,777 shares of the stock traded hands, compared to its average volume of 2,713,732. 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 $84.96 billion, a PE ratio of 14.05, a P/E/G ratio of 0.81 and a beta of 0.37. Mizuho Financial Group, Inc. has a one year low of $3.97 and a one year high of $6.81. The company's 50 day moving average is $6.31 and its 200 day moving average is $5.66.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last posted its earnings results on Thursday, July 31st. The bank reported $0.15 EPS for the quarter, meeting analysts' consensus estimates 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 return on equity of 8.48% and a net margin of 10.16%. On average, equities research analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.