Verdence Capital Advisors LLC Sells 103,977 Shares of Mizuho Financial Group, Inc. $MFG

Verdence Capital Advisors LLC decreased its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 46.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,054 shares of the bank’s stock after selling 103,977 shares during the period. Verdence Capital Advisors LLC’s holdings in Mizuho Financial Group were worth $788,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Mizuho Financial Group by 19.3% in the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock worth $60,000 after buying an additional 1,998 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Mizuho Financial Group by 29.3% in the first quarter. AQR Capital Management LLC now owns 392,998 shares of the bank’s stock worth $2,165,000 after acquiring an additional 89,095 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Mizuho Financial Group by 0.4% in the first 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 last quarter. Focus Partners Wealth increased its holdings in shares of Mizuho Financial Group by 129.0% during the first quarter. Focus Partners Wealth now owns 51,966 shares of the bank’s stock valued at $286,000 after acquiring an additional 29,273 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Mizuho Financial Group by 89.6% in the 1st quarter. Acadian Asset Management LLC now owns 13,663 shares of the bank’s stock worth $74,000 after purchasing an additional 6,455 shares during the last quarter. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Mizuho Financial Group Trading Down 0.8%

Shares of NYSE:MFG opened at $8.45 on Thursday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.96 and a quick ratio of 0.96. Mizuho Financial Group, Inc. has a 1 year low of $4.04 and a 1 year high of $8.62. The company has a market cap of $104.95 billion, a P/E ratio of 15.35, a PEG ratio of 0.72 and a beta of 0.36. The stock’s fifty day moving average price is $7.43 and its 200-day moving average price is $6.73.

Mizuho Financial Group (NYSE:MFG) last issued its earnings results on Friday, November 28th. The bank reported ($1.61) earnings per share for the quarter. The business had revenue of $7.53 billion during the quarter. Mizuho Financial Group had a return on equity of 9.20% and a net margin of 11.57%. Sell-side analysts expect that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (a-)” rating on shares of Mizuho Financial Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Mizuho Financial Group Profile

Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.

Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.