Mizuho Financial Group, Inc. $MFG Shares Sold by Magnus Financial Group LLC

Magnus Financial Group LLC lessened its holdings in Mizuho Financial Group, Inc. (NYSE:MFG) by 40.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,020 shares of the bank’s stock after selling 7,520 shares during the quarter. Magnus Financial Group LLC’s holdings in Mizuho Financial Group were worth $61,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in Mizuho Financial Group by 19.3% in 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 period. Merit Financial Group LLC boosted its position in Mizuho Financial Group by 6.7% in the 1st quarter. Merit Financial Group LLC now owns 38,476 shares of the bank’s stock worth $212,000 after purchasing an additional 2,414 shares in the last quarter. Choreo LLC boosted its position in Mizuho Financial Group by 2.8% in the 1st quarter. Choreo LLC now owns 101,081 shares of the bank’s stock worth $557,000 after purchasing an additional 2,720 shares in the last quarter. Legacy Financial Advisors Inc. boosted its position in Mizuho Financial Group by 19.9% in the 1st quarter. Legacy Financial Advisors Inc. now owns 16,421 shares of the bank’s stock worth $90,000 after purchasing an additional 2,730 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. boosted its position in Mizuho Financial Group by 8.3% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 37,769 shares of the bank’s stock worth $208,000 after purchasing an additional 2,879 shares in the last quarter. Institutional investors and hedge funds own 3.26% of the company’s stock.

Analysts Set New Price Targets

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

Mizuho Financial Group Trading Up 1.1%

Shares of NYSE:MFG opened at $6.86 on Friday. Mizuho Financial Group, Inc. has a 1 year low of $4.00 and a 1 year high of $6.87. The firm has a market capitalization of $86.35 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 0.83 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 business’s 50 day moving average price is $6.41 and its 200-day moving average price is $5.69.

Mizuho Financial Group (NYSE:MFG) last announced its earnings results on Thursday, July 31st. The bank reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. Mizuho Financial Group had a return on equity of 8.48% and a net margin of 10.16%.The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.42 billion. On average, equities research analysts forecast that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current fiscal year.

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.