Envestnet Asset Management Inc. Boosts Stock Holdings in Mizuho Financial Group, Inc. (NYSE:MFG)

Envestnet Asset Management Inc. raised its position in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 33.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,543,057 shares of the bank's stock after purchasing an additional 386,742 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Mizuho Financial Group were worth $7,546,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MFG. Wilmington Savings Fund Society FSB purchased a new position in Mizuho Financial Group during the third quarter worth about $25,000. Spire Wealth Management boosted its position in shares of Mizuho Financial Group by 377.8% during the 4th quarter. Spire Wealth Management now owns 5,504 shares of the bank's stock worth $27,000 after purchasing an additional 4,352 shares during the period. CogentBlue Wealth Advisors LLC purchased a new position in shares of Mizuho Financial Group during the 4th quarter worth approximately $50,000. Sierra Ocean LLC acquired a new stake in Mizuho Financial Group in the 4th quarter valued at approximately $55,000. Finally, Moors & Cabot Inc. purchased a new stake in Mizuho Financial Group in the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 3.26% of the company's stock.

Mizuho Financial Group Trading Down 0.2 %

Shares of MFG traded down $0.01 during midday trading on Wednesday, hitting $4.86. 5,315,110 shares of the stock were exchanged, compared to its average volume of 1,670,580. Mizuho Financial Group, Inc. has a 52-week low of $3.45 and a 52-week 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 stock has a fifty day simple moving average of $5.37 and a 200 day simple moving average of $5.03. The firm has a market cap of $61.22 billion, a P/E ratio of 12.15, a P/E/G ratio of 0.76 and a beta of 0.33.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last announced its earnings results on Monday, February 3rd. The bank reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.05. Mizuho Financial Group had a return on equity of 8.56% and a net margin of 7.85%. On average, research analysts anticipate 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.