Orion Porfolio Solutions LLC Decreases Stake in Mizuho Financial Group, Inc. $MFG

Orion Porfolio Solutions LLC cut its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 36.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 294,178 shares of the bank’s stock after selling 169,895 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Mizuho Financial Group were worth $1,971,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. American Century Companies Inc. lifted its stake in shares of Mizuho Financial Group by 33.6% during the 3rd quarter. American Century Companies Inc. now owns 3,821,302 shares of the bank’s stock valued at $25,603,000 after buying an additional 961,303 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Mizuho Financial Group during the second quarter worth $3,035,000. JPMorgan Chase & Co. grew its position in shares of Mizuho Financial Group by 65.4% in the third quarter. JPMorgan Chase & Co. now owns 1,120,375 shares of the bank’s stock valued at $7,507,000 after purchasing an additional 442,930 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Mizuho Financial Group during the 3rd quarter valued at $2,642,000. Finally, Balyasny Asset Management L.P. lifted its holdings in Mizuho Financial Group by 2,886.2% during the 2nd quarter. Balyasny Asset Management L.P. now owns 377,783 shares of the bank’s stock worth $2,100,000 after purchasing an additional 365,132 shares in the last quarter. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Price Performance

Shares of NYSE MFG opened at $8.03 on Thursday. The stock’s 50-day simple moving average is $8.68 and its two-hundred day simple moving average is $7.45. Mizuho Financial Group, Inc. has a twelve month low of $4.04 and a twelve month high of $10.28. The firm has a market capitalization of $99.73 billion, a P/E ratio of 14.08, a P/E/G ratio of 0.65 and a beta of 0.36. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.72.

Mizuho Financial Group (NYSE:MFG) last issued its quarterly earnings data on Monday, February 2nd. The bank reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $5.58 billion. Mizuho Financial Group had a return on equity of 9.23% and a net margin of 12.31%. As a group, equities analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Mizuho Financial Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Mizuho Financial Group

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.