Legacy Financial Advisors Inc. Grows Position in Mizuho Financial Group, Inc. $MFG

Legacy Financial Advisors Inc. grew its stake in Mizuho Financial Group, Inc. (NYSE:MFG) by 19.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,421 shares of the bank’s stock after buying an additional 2,730 shares during the period. Legacy Financial Advisors Inc.’s holdings in Mizuho Financial Group were worth $90,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of Mizuho Financial Group by 3.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,602,728 shares of the bank’s stock valued at $8,831,000 after acquiring an additional 59,671 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Mizuho Financial Group by 3.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 101,716 shares of the bank’s stock valued at $550,000 after purchasing an additional 2,918 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Mizuho Financial Group by 14.4% in the first quarter. GAMMA Investing LLC now owns 67,561 shares of the bank’s stock valued at $372,000 after purchasing an additional 8,491 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of Mizuho Financial Group in the first quarter valued at about $2,514,000. Finally, Vanguard Capital Wealth Advisors raised its stake in shares of Mizuho Financial Group by 129.5% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 157,004 shares of the bank’s stock worth $768,000 after purchasing an additional 88,603 shares during the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Mizuho Financial Group Stock Performance

Shares of MFG stock opened at $6.5350 on Thursday. The stock has a market cap of $82.32 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 0.87 and a beta of 0.39. The business has a 50-day simple moving average of $5.81 and a 200-day simple moving average of $5.51. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.21. Mizuho Financial Group, Inc. has a 52-week low of $3.91 and a 52-week high of $6.79.

Mizuho Financial Group (NYSE:MFG) last posted its earnings results on Thursday, July 31st. The bank reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.42 billion. Mizuho Financial Group had a return on equity of 8.48% and a net margin of 10.16%. On average, equities analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Mizuho Financial Group from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd.

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.