Verdence Capital Advisors LLC Reduces Stake in Mizuho Financial Group, Inc. $MFG

Verdence Capital Advisors LLC lowered its holdings in Mizuho Financial Group, Inc. (NYSE:MFG) by 10.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 225,031 shares of the bank’s stock after selling 27,037 shares during the period. Verdence Capital Advisors LLC’s holdings in Mizuho Financial Group were worth $1,251,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Mizuho Financial Group by 36.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 18,205 shares of the bank’s stock valued at $101,000 after purchasing an additional 4,862 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Mizuho Financial Group by 10.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 120,817 shares of the bank’s stock valued at $672,000 after purchasing an additional 11,300 shares during the period. Yousif Capital Management LLC lifted its stake in shares of Mizuho Financial Group by 2.2% in the 2nd quarter. Yousif Capital Management LLC now owns 152,033 shares of the bank’s stock valued at $845,000 after purchasing an additional 3,279 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Mizuho Financial Group by 3.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 105,610 shares of the bank’s stock valued at $590,000 after purchasing an additional 3,894 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Mizuho Financial Group by 6.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 727,006 shares of the bank’s stock valued at $4,042,000 after purchasing an additional 43,100 shares during the period. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Wall Street Analyst Weigh In

MFG has been the subject of a number of research analyst reports. Wall Street Zen upgraded Mizuho Financial Group from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Zacks Research cut Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Mizuho Financial Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Mizuho Financial Group currently has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Stock Up 1.7%

Shares of NYSE:MFG opened at $6.20 on Tuesday. The stock has a fifty day simple moving average of $6.52 and a two-hundred day simple moving average of $5.74. The stock has a market capitalization of $77.42 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.74 and a beta of 0.35. Mizuho Financial Group, Inc. has a 12-month low of $4.04 and a 12-month high of $6.87. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.21.

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