Mizuho Financial Group, Inc. $MFG Shares Bought by Naviter Wealth LLC

Naviter Wealth LLC lifted its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 4.3% during the 2nd quarter, Holdings Channel reports. The firm owned 300,138 shares of the bank’s stock after buying an additional 12,492 shares during the period. Naviter Wealth LLC’s holdings in Mizuho Financial Group were worth $1,669,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MFG. Envestnet Asset Management Inc. increased its stake in Mizuho Financial Group by 3.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,602,728 shares of the bank’s stock worth $8,831,000 after buying an additional 59,671 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Mizuho Financial Group by 3.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 101,716 shares of the bank’s stock worth $550,000 after acquiring an additional 2,918 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Mizuho Financial Group by 17.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,121,350 shares of the bank’s stock worth $6,179,000 after acquiring an additional 169,243 shares during the period. American Century Companies Inc. increased its position in shares of Mizuho Financial Group by 3.5% during the first quarter. American Century Companies Inc. now owns 2,845,350 shares of the bank’s stock worth $15,678,000 after acquiring an additional 95,035 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Mizuho Financial Group by 14.4% in the first quarter. GAMMA Investing LLC now owns 67,561 shares of the bank’s stock valued at $372,000 after acquiring an additional 8,491 shares in the last quarter. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Trading Up 1.7%

NYSE:MFG opened at $6.20 on Tuesday. Mizuho Financial Group, Inc. has a 1 year low of $4.04 and a 1 year high of $6.87. The stock has a market cap of $77.42 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.74 and a beta of 0.35. 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 stock has a 50-day simple moving average of $6.52 and a 200-day simple moving average of $5.74.

Mizuho Financial Group (NYSE:MFG) last issued its earnings results on Thursday, July 31st. The bank reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $5.13 billion for 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%. As a group, analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MFG has been the subject of several analyst reports. Zacks Research cut Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. Weiss Ratings reissued a “buy (b+)” rating on shares of Mizuho Financial Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of 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 Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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.