Mizuho Financial Group, Inc. $MFG Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,561,074 shares of the bank’s stock after selling 41,654 shares during the period. Envestnet Asset Management Inc.’s holdings in Mizuho Financial Group were worth $8,680,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group boosted its stake in shares of Mizuho Financial Group by 166.3% during the first quarter. Brooklyn Investment Group now owns 5,499 shares of the bank’s stock worth $30,000 after buying an additional 3,434 shares during the period. Allworth Financial LP increased its position in Mizuho Financial Group by 81.8% in the 1st quarter. Allworth Financial LP now owns 6,611 shares of the bank’s stock valued at $36,000 after acquiring an additional 2,975 shares during the period. Quantbot Technologies LP purchased a new position in Mizuho Financial Group during the 1st quarter worth $42,000. Jackson Thornton Wealth Management LLC acquired a new stake in shares of Mizuho Financial Group in the 2nd quarter worth $59,000. Finally, TD Private Client Wealth LLC purchased a new stake in shares of Mizuho Financial Group in the second quarter valued at about $63,000. 3.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MFG shares. Zacks Research cut shares of Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. Wall Street Zen upgraded Mizuho Financial Group from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Mizuho Financial Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Stock Performance

MFG opened at $6.62 on Monday. 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 $82.67 billion, a P/E ratio of 13.78, a P/E/G ratio of 0.80 and a beta of 0.34. The stock’s 50 day simple moving average is $6.56 and its 200 day simple moving average is $5.98. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.96 and a quick ratio of 0.96.

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.