Blue Trust Inc. Has $348,000 Stake in Mizuho Financial Group, Inc. $MFG

Blue Trust Inc. raised its position in Mizuho Financial Group, Inc. (NYSE:MFG) by 144.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 62,536 shares of the bank’s stock after purchasing an additional 36,999 shares during the period. Blue Trust Inc.’s holdings in Mizuho Financial Group were worth $348,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group raised its position in Mizuho Financial Group by 166.3% in the 1st quarter. Brooklyn Investment Group now owns 5,499 shares of the bank’s stock valued at $30,000 after buying an additional 3,434 shares during the last quarter. Allworth Financial LP raised its position in Mizuho Financial Group by 81.8% in the 1st quarter. Allworth Financial LP now owns 6,611 shares of the bank’s stock valued at $36,000 after buying an additional 2,975 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Mizuho Financial Group in the first quarter valued at approximately $42,000. TD Private Client Wealth LLC acquired a new stake in shares of Mizuho Financial Group in the second quarter valued at approximately $63,000. Finally, Brighton Jones LLC raised its holdings in shares of 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 last quarter. Institutional investors and hedge funds own 3.26% of the company’s stock.

Mizuho Financial Group Price Performance

Mizuho Financial Group stock opened at $6.20 on Tuesday. Mizuho Financial Group, Inc. has a 12 month low of $4.04 and a 12 month high of $6.87. The stock’s 50 day moving average is $6.52 and its 200-day moving average is $5.74. 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 capitalization of $77.42 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.74 and a beta of 0.35.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on MFG. Zacks Research downgraded shares of Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a 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 note on Sunday, August 3rd. Finally, Weiss Ratings reaffirmed 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 assigned a Hold rating to the stock. According to MarketBeat, the stock presently 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.