Sagespring Wealth Partners LLC Boosts Position in Mizuho Financial Group, Inc. $MFG

Sagespring Wealth Partners LLC boosted its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 32.6% in the second quarter, Holdings Channel reports. The fund owned 26,684 shares of the bank’s stock after purchasing an additional 6,553 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Mizuho Financial Group were worth $148,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group increased its position in Mizuho Financial Group by 166.3% in 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 in the last quarter. Allworth Financial LP increased its position in Mizuho Financial Group by 81.8% in the first quarter. Allworth Financial LP now owns 6,611 shares of the bank’s stock worth $36,000 after buying an additional 2,975 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Mizuho Financial Group in the first quarter worth about $42,000. TD Private Client Wealth LLC purchased a new stake in Mizuho Financial Group in the second quarter worth about $63,000. Finally, Brighton Jones LLC increased its position in Mizuho Financial Group by 19.3% in the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock worth $60,000 after buying an additional 1,998 shares in the last quarter. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MFG. Zacks Research cut Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research 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 restated a “buy (b+)” rating on shares of Mizuho Financial Group in a research 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Mizuho Financial Group Stock Performance

NYSE MFG opened at $6.23 on Friday. The firm has a market cap of $77.85 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 0.76 and a beta of 0.35. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.21. The business has a 50-day moving average price of $6.53 and a 200-day moving average price of $5.76. Mizuho Financial Group, Inc. has a twelve month low of $4.04 and a twelve month high of $6.87.

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