Mizuho Financial Group, Inc. $MFG Stake Boosted by Savant Capital LLC

Savant Capital LLC lifted its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 62.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,064 shares of the bank’s stock after purchasing an additional 21,247 shares during the quarter. Savant Capital LLC’s holdings in Mizuho Financial Group were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ellevest Inc. lifted its stake in Mizuho Financial Group by 52.0% in the second quarter. Ellevest Inc. now owns 22,006 shares of the bank’s stock valued at $122,000 after buying an additional 7,527 shares during the last quarter. Syverson Strege & Co acquired a new stake in shares of Mizuho Financial Group in the 2nd quarter worth about $271,000. Haven Private LLC bought a new stake in Mizuho Financial Group in the 2nd quarter valued at about $79,000. Assetmark Inc. boosted its stake in Mizuho Financial Group by 58.3% during the 2nd quarter. Assetmark Inc. now owns 82,042 shares of the bank’s stock valued at $456,000 after purchasing an additional 30,199 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in Mizuho Financial Group by 1,859.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 11,719 shares of the bank’s stock valued at $65,000 after purchasing an additional 11,121 shares during the period. 3.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MFG shares. Wall Street Zen raised Mizuho Financial Group from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Zacks Research cut Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Weiss Ratings raised Mizuho Financial Group from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Mizuho Financial Group Trading Down 3.3%

Mizuho Financial Group stock opened at $6.56 on Wednesday. Mizuho Financial Group, Inc. has a 12-month low of $4.04 and a 12-month high of $7.11. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $81.92 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 0.80 and a beta of 0.34. The firm has a 50 day simple moving average of $6.59 and a 200-day simple moving average of $6.07.

Mizuho Financial Group (NYSE:MFG) last released its earnings results on Friday, November 14th. The bank reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.74 billion. Mizuho Financial Group had a return on equity of 8.48% and a net margin of 10.16%. As a group, equities research analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS 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.