Vanguard Capital Wealth Advisors Reduces Position in 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 trimmed its holdings in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 87.9% during the 2nd quarter, according to the company in its most recent Form 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 reporting period.

Several other hedge funds also recently added to or reduced their stakes in MFG. Brooklyn Investment Group boosted its holdings in Mizuho Financial Group by 166.3% in the first quarter. Brooklyn Investment Group now owns 5,499 shares of the bank's stock valued at $30,000 after purchasing an additional 3,434 shares during the last quarter. Allworth Financial LP boosted its holdings in Mizuho Financial Group by 81.8% in the first quarter. Allworth Financial LP now owns 6,611 shares of the bank's stock valued at $36,000 after purchasing an additional 2,975 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Mizuho Financial Group in the first quarter valued at $42,000. International Private Wealth Advisors LLC purchased a new stake in Mizuho Financial Group in the first quarter valued at $55,000. Finally, Brighton Jones LLC boosted its holdings in Mizuho Financial Group by 19.3% in the fourth 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. 3.26% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Trading Up 0.8%

Shares of Mizuho Financial Group stock opened at $6.63 on Friday. The firm has a 50-day simple moving average of $6.28 and a two-hundred day simple moving average of $5.65. The company has a market cap of $83.51 billion, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 0.81 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. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.96 and a current ratio of 0.96.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The bank reported $0.15 earnings per share for the quarter, hitting analysts' consensus estimates of $0.15. The business 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%. As a group, equities analysts predict that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on MFG shares. Wall Street Zen raised shares of Mizuho Financial Group from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Zacks Research lowered shares of Mizuho Financial Group from a "strong-buy" rating to a "hold" rating in a report on Monday, August 25th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Mizuho Financial Group presently has a consensus rating of "Hold".

Mizuho Financial Group 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.

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