Vanguard Personalized Indexing Management LLC Grows Stock Holdings in Mizuho Financial Group, Inc. $MFG

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Mizuho Financial Group by 6.3% during the second quarter, owning a total of 727,006 shares valued at approximately $4.04 million.
• Analysts have mixed ratings for Mizuho Financial Group, with a recent upgrade to "hold" by Wall Street Zen and a downgrade to "hold" from Zacks Research, but Weiss Ratings maintained a "buy (b+)" rating.
• As of its last quarterly earnings on July 31, Mizuho Financial Group reported an EPS of $0.15 and revenue of $5.13 billion, slightly below the consensus estimate of $5.42 billion.

Vanguard Personalized Indexing Management LLC grew its holdings in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 727,006 shares of the bank's stock after purchasing an additional 43,100 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Mizuho Financial Group were worth $4,042,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MFG. Allianz SE purchased a new stake in shares of Mizuho Financial Group during the 1st quarter valued at approximately $3,251,000. Cerity Partners LLC raised its position in shares of Mizuho Financial Group by 89.9% during the 1st quarter. Cerity Partners LLC now owns 1,073,626 shares of the bank's stock valued at $5,916,000 after buying an additional 508,286 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of Mizuho Financial Group during the 1st quarter valued at approximately $2,514,000. Callan Family Office LLC raised its position in shares of Mizuho Financial Group by 153.1% during the 2nd quarter. Callan Family Office LLC now owns 371,418 shares of the bank's stock valued at $2,065,000 after buying an additional 224,675 shares during the period. Finally, Northern Trust Corp raised its position in shares of Mizuho Financial Group by 2.2% during the 1st quarter. Northern Trust Corp now owns 9,954,056 shares of the bank's stock valued at $54,847,000 after buying an additional 210,073 shares during the period. Hedge funds and other institutional investors own 3.26% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen raised 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 report on Monday, August 25th. Finally, Weiss Ratings reiterated a "buy (b+)" rating on shares of Mizuho Financial Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Mizuho Financial Group currently has an average rating of "Moderate Buy".

Mizuho Financial Group Stock Up 0.6%

Mizuho Financial Group stock opened at $6.24 on Wednesday. Mizuho Financial Group, Inc. has a fifty-two week low of $4.04 and a fifty-two week high of $6.87. 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 firm has a 50 day moving average price of $6.53 and a 200 day moving average price of $5.74. The company has a market capitalization of $77.92 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 0.75 and a beta of 0.35.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The bank reported $0.15 EPS for the quarter, hitting the consensus estimate 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%. Research analysts expect that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current 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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