Envestnet Portfolio Solutions Inc. Increases Holdings in Mizuho Financial Group, Inc. (NYSE:MFG)

Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 23.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,542 shares of the bank’s stock after purchasing an additional 12,636 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Mizuho Financial Group were worth $320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the stock. FMR LLC raised its position in Mizuho Financial Group by 31.0% during the third quarter. FMR LLC now owns 17,622,960 shares of the bank’s stock worth $73,664,000 after acquiring an additional 4,167,234 shares during the period. Raymond James Financial Inc. purchased a new stake in Mizuho Financial Group during the 4th quarter valued at about $5,951,000. Point72 Asset Management L.P. lifted its stake in Mizuho Financial Group by 2,151.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 570,800 shares of the bank’s stock worth $2,386,000 after purchasing an additional 545,446 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of Mizuho Financial Group by 473.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 421,624 shares of the bank’s stock worth $1,762,000 after purchasing an additional 348,046 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of Mizuho Financial Group by 1,077.4% in the third quarter. Sanctuary Advisors LLC now owns 278,847 shares of the bank’s stock valued at $1,166,000 after purchasing an additional 255,164 shares in the last quarter. Institutional investors and hedge funds own 3.26% of the company’s stock.

Mizuho Financial Group Stock Up 1.5 %

Shares of MFG opened at $5.88 on Friday. The stock has a fifty day simple moving average of $5.60 and a two-hundred day simple moving average of $4.93. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $74.45 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 0.76 and a beta of 0.39. Mizuho Financial Group, Inc. has a 52-week low of $3.45 and a 52-week high of $6.08.

Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings data on Monday, February 3rd. The bank reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Mizuho Financial Group had a return on equity of 8.56% and a net margin of 7.85%. As a group, equities analysts forecast that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Mizuho Financial Group Company 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.