Ritholtz Wealth Management Decreases Position in Mizuho Financial Group, Inc. $MFG

Ritholtz Wealth Management decreased its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 4.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,496 shares of the bank’s stock after selling 5,330 shares during the quarter. Ritholtz Wealth Management’s holdings in Mizuho Financial Group were worth $631,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MFG. Allianz SE purchased a new stake in Mizuho Financial Group during the first quarter worth approximately $3,251,000. Cerity Partners LLC increased its position in Mizuho Financial Group by 89.9% during the first quarter. Cerity Partners LLC now owns 1,073,626 shares of the bank’s stock worth $5,916,000 after buying an additional 508,286 shares during the period. Zions Bancorporation National Association UT acquired a new position in Mizuho Financial Group during the first quarter worth approximately $2,514,000. Callan Family Office LLC increased its position in Mizuho Financial Group by 153.1% during the second quarter. Callan Family Office LLC now owns 371,418 shares of the bank’s stock worth $2,065,000 after buying an additional 224,675 shares during the period. Finally, Northern Trust Corp increased its position in Mizuho Financial Group by 2.2% during the first quarter. Northern Trust Corp now owns 9,954,056 shares of the bank’s stock worth $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.

Wall Street Analyst Weigh In

Several research analysts have commented on MFG shares. Zacks Research lowered Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 25th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Mizuho Financial Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Mizuho Financial Group from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Mizuho Financial Group Trading Down 0.8%

NYSE:MFG opened at $6.23 on Monday. The firm has a market cap of $77.85 billion, a P/E ratio of 12.98, a PEG ratio of 0.76 and a beta of 0.35. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.21. The stock’s 50 day simple moving average is $6.53 and its 200-day simple moving average is $5.77. Mizuho Financial Group, Inc. has a 12-month low of $4.04 and a 12-month high of $6.87.

Mizuho Financial Group (NYSE:MFG) last released 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. 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%. Equities analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 EPS 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.