Sagespring Wealth Partners LLC Increases Holdings in Mizuho Financial Group, Inc. $MFG

Sagespring Wealth Partners LLC grew its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 32.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,684 shares of the bank’s stock after purchasing an additional 6,553 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Mizuho Financial Group were worth $148,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its stake in shares of Mizuho Financial Group by 0.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,508,417 shares of the bank’s stock worth $79,941,000 after acquiring an additional 57,806 shares during the period. Northern Trust Corp grew its stake in shares of Mizuho Financial Group by 2.2% during the 1st quarter. Northern Trust Corp now owns 9,954,056 shares of the bank’s stock worth $54,847,000 after acquiring an additional 210,073 shares during the period. American Century Companies Inc. raised its holdings in shares of Mizuho Financial Group by 3.5% during the 1st quarter. American Century Companies Inc. now owns 2,845,350 shares of the bank’s stock valued at $15,678,000 after buying an additional 95,035 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Mizuho Financial Group by 3.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,602,728 shares of the bank’s stock valued at $8,831,000 after buying an additional 59,671 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Mizuho Financial Group by 17.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,121,350 shares of the bank’s stock valued at $6,179,000 after buying an additional 169,243 shares in the last quarter. Institutional investors own 3.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wall Street Zen raised Mizuho Financial Group from a “sell” rating to a “hold” rating in a report on Sunday, August 3rd. Zacks Research cut Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 25th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Mizuho Financial Group in a 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Stock Down 0.8%

MFG stock opened at $6.23 on Friday. Mizuho Financial Group, Inc. has a 1-year low of $4.04 and a 1-year high of $6.87. The business has a fifty day moving average price of $6.53 and a 200-day moving average price of $5.76. 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 stock has a market capitalization of $77.85 billion, a P/E ratio of 12.98, a P/E/G 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 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 firm had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Equities analysts forecast that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current fiscal year.

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.