Morningstar Investment Services LLC Acquires 6,825 Shares of Mizuho Financial Group, Inc. (NYSE:MFG)

09 Dec 2023, 15:14 by Danessa Lincoln · The Markets Daily

Morningstar Investment Services LLC grew its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG – Free Report) by 7.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,358 shares of the bank’s stock after purchasing an additional 6,825 shares during the quarter. Morningstar Investment Services LLC’s holdings in Mizuho Financial Group were worth $297,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MFG. First Affirmative Financial Network increased its holdings in Mizuho Financial Group by 20.6% during the second quarter. First Affirmative Financial Network now owns 26,440 shares of the bank’s stock worth $81,000 after buying an additional 4,517 shares during the last quarter. Wealthstream Advisors Inc. increased its stake in shares of Mizuho Financial Group by 67.8% during the 2nd quarter. Wealthstream Advisors Inc. now owns 18,394 shares of the bank’s stock worth $56,000 after purchasing an additional 7,435 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Mizuho Financial Group in the 2nd quarter worth approximately $98,000. Raymond James & Associates lifted its stake in Mizuho Financial Group by 220.8% in the second quarter. Raymond James & Associates now owns 140,107 shares of the bank’s stock valued at $430,000 after purchasing an additional 96,439 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. grew its holdings in Mizuho Financial Group by 100.0% during the second quarter. Pekin Hardy Strauss Inc. now owns 25,000 shares of the bank’s stock valued at $77,000 after purchasing an additional 12,500 shares during the period. 0.60% of the stock is currently owned by institutional investors.

Mizuho Financial Group Price Performance

NYSE MFG opened at $3.49 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.93 and a debt-to-equity ratio of 1.25. The company has a market cap of $44.30 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 0.81 and a beta of 0.45. Mizuho Financial Group, Inc. has a 52 week low of $2.43 and a 52 week high of $3.70. The firm’s 50-day simple moving average is $3.40 and its two-hundred day simple moving average is $3.28.

Mizuho Financial Group (NYSE:MFG – Get Free Report) last announced its quarterly earnings results on Sunday, November 12th. The bank reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $16.46 billion for the quarter. Mizuho Financial Group had a net margin of 8.94% and a return on equity of 6.63%. During the same quarter in the previous year, the company posted $0.10 earnings per share. Research analysts predict that Mizuho Financial Group, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Mizuho Financial Group in a research note on Thursday, October 5th. They issued a “hold” rating on the stock.

View Our Latest Stock Report on Mizuho Financial Group

Mizuho Financial Group Profile

(Free Report)

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.

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