Verdence Capital Advisors LLC Sells 27,037 Shares of Mizuho Financial Group, Inc. $MFG

Verdence Capital Advisors LLC cut its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 10.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 225,031 shares of the bank’s stock after selling 27,037 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Mizuho Financial Group were worth $1,251,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. increased its position 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 during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Mizuho Financial Group by 10.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 120,817 shares of the bank’s stock valued at $672,000 after purchasing an additional 11,300 shares during the last quarter. Yousif Capital Management LLC increased its position in shares of Mizuho Financial Group by 2.2% during the 2nd quarter. Yousif Capital Management LLC now owns 152,033 shares of the bank’s stock valued at $845,000 after purchasing an additional 3,279 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Mizuho Financial Group by 3.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 105,610 shares of the bank’s stock valued at $590,000 after purchasing an additional 3,894 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Mizuho Financial Group by 6.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 727,006 shares of the bank’s stock valued at $4,042,000 after purchasing an additional 43,100 shares during the last quarter. 3.26% of the stock is currently owned by institutional investors.

Mizuho Financial Group Trading Up 1.7%

Shares of MFG stock opened at $6.20 on Tuesday. Mizuho Financial Group, Inc. has a 1-year low of $4.04 and a 1-year high of $6.87. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50-day moving average of $6.52 and a 200 day moving average of $5.74. The stock has a market capitalization of $77.42 billion, a PE ratio of 12.91, a P/E/G ratio of 0.74 and a beta of 0.35.

Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings data on Thursday, July 31st. The bank reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. Mizuho Financial Group had a return on equity of 8.48% and a net margin of 10.16%.The business had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.42 billion. As a group, sell-side analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Zacks Research lowered Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 25th. Wall Street Zen upgraded Mizuho Financial Group from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Mizuho Financial Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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.