PDS Planning Inc Has $410,000 Stock Position in Mizuho Financial Group, Inc. $MFG

PDS Planning Inc grew its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 4.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,798 shares of the bank’s stock after buying an additional 3,417 shares during the quarter. PDS Planning Inc’s holdings in Mizuho Financial Group were worth $410,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its holdings in shares of Mizuho Financial Group by 0.4% during the first quarter. Goldman Sachs Group Inc. now owns 14,508,417 shares of the bank’s stock valued at $79,941,000 after buying an additional 57,806 shares during the last quarter. Northern Trust Corp lifted its position in shares of Mizuho Financial Group by 2.2% during the first quarter. Northern Trust Corp now owns 9,954,056 shares of the bank’s stock valued at $54,847,000 after purchasing an additional 210,073 shares in the last quarter. American Century Companies Inc. lifted 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 valued at $15,678,000 after purchasing an additional 95,035 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Mizuho Financial Group by 3.9% during the first quarter. Envestnet Asset Management Inc. now owns 1,602,728 shares of the bank’s stock valued at $8,831,000 after purchasing an additional 59,671 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted 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 valued at $6,179,000 after purchasing an additional 169,243 shares in the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on MFG. 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 lowered shares of Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Mizuho Financial Group in a research report on Wednesday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Mizuho Financial Group Stock Performance

Shares of MFG stock opened at $6.10 on Friday. The firm has a market cap of $76.23 billion, a price-to-earnings ratio of 12.71, 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. Mizuho Financial Group, Inc. has a 52 week low of $4.04 and a 52 week high of $6.87. The firm’s 50-day simple moving average is $6.52 and its two-hundred day simple moving average is $5.74.

Mizuho Financial Group (NYSE:MFG) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 forecast that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.

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.