Sequoia Financial Advisors LLC Grows Stock Holdings in Mizuho Financial Group, Inc. $MFG

Sequoia Financial Advisors LLC increased its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 10.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 120,817 shares of the bank’s stock after acquiring an additional 11,300 shares during the period. Sequoia Financial Advisors LLC’s holdings in Mizuho Financial Group were worth $672,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Brooklyn Investment Group lifted its position in Mizuho Financial Group by 166.3% in the first quarter. Brooklyn Investment Group now owns 5,499 shares of the bank’s stock valued at $30,000 after purchasing an additional 3,434 shares during the period. Allworth Financial LP lifted its position in Mizuho Financial Group by 81.8% in the first quarter. Allworth Financial LP now owns 6,611 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,975 shares during the period. Quantbot Technologies LP acquired a new stake in Mizuho Financial Group in the first quarter valued at about $42,000. Brighton Jones LLC lifted its position in Mizuho Financial Group by 19.3% in the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock valued at $60,000 after purchasing an additional 1,998 shares during the period. Finally, TD Private Client Wealth LLC acquired a new stake in Mizuho Financial Group in the second quarter valued at about $63,000. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Price Performance

MFG stock opened at $6.23 on Monday. The firm has a 50 day moving average of $6.53 and a 200-day moving average of $5.77. Mizuho Financial Group, Inc. has a 12-month low of $4.04 and a 12-month high of $6.87. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.21. The company has a market cap of $77.85 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 0.76 and a beta of 0.35.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings results on Thursday, July 31st. The bank reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. Mizuho Financial Group had a net margin of 10.16% and a return on equity of 8.48%. The company had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.42 billion. As a group, equities analysts expect that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Zacks Research downgraded shares of Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 25th. Wall Street Zen upgraded shares of Mizuho Financial Group from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Mizuho Financial Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Mizuho Financial Group has a consensus 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.