Cerity Partners LLC Reduces Stock Position in Mizuho Financial Group, Inc. (NYSE:MFG)

Cerity Partners LLC lessened its holdings in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 14.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 565,340 shares of the bank's stock after selling 92,575 shares during the period. Cerity Partners LLC's holdings in Mizuho Financial Group were worth $2,609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Peapack Gladstone Financial Corp lifted its holdings in shares of Mizuho Financial Group by 14.3% during the 4th quarter. Peapack Gladstone Financial Corp now owns 29,649 shares of the bank's stock worth $145,000 after acquiring an additional 3,716 shares during the last quarter. Quadrant Capital Group LLC raised its position in Mizuho Financial Group by 7.6% during the fourth quarter. Quadrant Capital Group LLC now owns 112,176 shares of the bank's stock valued at $549,000 after purchasing an additional 7,913 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Mizuho Financial Group by 49.1% during the fourth quarter. Russell Investments Group Ltd. now owns 92,796 shares of the bank's stock worth $454,000 after purchasing an additional 30,571 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Mizuho Financial Group by 33.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,543,057 shares of the bank's stock worth $7,546,000 after purchasing an additional 386,742 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Mizuho Financial Group by 48.5% during the 4th quarter. Wells Fargo & Company MN now owns 3,038,291 shares of the bank's stock valued at $14,857,000 after buying an additional 992,900 shares in the last quarter. Hedge funds and other institutional investors own 3.26% of the company's stock.

Mizuho Financial Group Price Performance

MFG traded up $0.17 during midday trading on Friday, hitting $4.84. The stock had a trading volume of 4,868,531 shares, compared to its average volume of 1,626,688. Mizuho Financial Group, Inc. has a 1 year low of $3.45 and a 1 year high of $6.08. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.96 and a current ratio of 0.97. The business has a fifty day moving average of $5.41 and a 200 day moving average of $5.01. The company has a market cap of $60.90 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 0.76 and a beta of 0.33.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The bank reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.05. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. As a group, equities analysts forecast that Mizuho Financial Group, Inc. will post 0.42 earnings per share 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.