Mizuho Financial Group, Inc. $MFG Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lessened its stake in Mizuho Financial Group, Inc. (NYSE:MFG) by 17.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,681 shares of the bank’s stock after selling 4,658 shares during the period. Marks Group Wealth Management Inc’s holdings in Mizuho Financial Group were worth $121,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MFG. Brooklyn Investment Group boosted its holdings in 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 in the last quarter. Allworth Financial LP raised its position in shares of 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 acquiring an additional 2,975 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Mizuho Financial Group during the 1st quarter worth about $42,000. International Private Wealth Advisors LLC acquired a new stake in shares of Mizuho Financial Group during the 1st quarter valued at about $55,000. Finally, Brighton Jones LLC increased its stake in shares of Mizuho Financial Group by 19.3% in the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock valued at $60,000 after purchasing an additional 1,998 shares in the last quarter. 3.26% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Stock Down 1.8%

MFG stock opened at $6.49 on Tuesday. The firm’s 50 day moving average price is $6.48 and its 200-day moving average price is $5.72. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $81.75 billion, a PE ratio of 13.52, a PEG ratio of 0.80 and a beta of 0.35. Mizuho Financial Group, Inc. has a one year low of $4.04 and a one year high of $6.87.

Mizuho Financial Group (NYSE:MFG) last announced its earnings results on Thursday, July 31st. The bank reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $5.13 billion during 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%. On average, equities research analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Zacks Research downgraded Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. Wall Street Zen upgraded shares of 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 research note on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

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.