Park Avenue Securities LLC Takes $765,000 Position in Mizuho Financial Group, Inc. $MFG

Park Avenue Securities LLC purchased a new position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 114,109 shares of the bank’s stock, valued at approximately $765,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. HB Wealth Management LLC increased its holdings in Mizuho Financial Group by 22.1% in the second quarter. HB Wealth Management LLC now owns 41,444 shares of the bank’s stock worth $230,000 after buying an additional 7,497 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Mizuho Financial Group during the 2nd quarter worth $2,005,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Mizuho Financial Group by 36.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 18,205 shares of the bank’s stock valued at $101,000 after purchasing an additional 4,862 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Mizuho Financial Group by 20.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 25,091 shares of the bank’s stock valued at $140,000 after purchasing an additional 4,183 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in Mizuho Financial Group by 2.2% in the second quarter. Yousif Capital Management LLC now owns 152,033 shares of the bank’s stock worth $845,000 after purchasing an additional 3,279 shares in the last quarter. 3.26% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Stock Performance

NYSE:MFG opened at $8.40 on Thursday. Mizuho Financial Group, Inc. has a 1 year low of $4.04 and a 1 year high of $8.46. The firm’s fifty day simple moving average is $7.25 and its 200 day simple moving average is $6.62. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $104.33 billion, a PE ratio of 15.26, a PEG ratio of 0.91 and a beta of 0.36.

Mizuho Financial Group (NYSE:MFG) last released its earnings results on Friday, November 28th. The bank reported ($1.61) earnings per share for the quarter. The firm had revenue of $7.53 billion for the quarter. Mizuho Financial Group had a return on equity of 9.20% and a net margin of 11.57%. On average, sell-side analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Mizuho Financial Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Mizuho Financial Group currently has a consensus rating of “Buy”.

About Mizuho Financial Group

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.