Five Oceans Advisors Sells 2,089 Shares of Mizuho Financial Group, Inc. $MFG

Five Oceans Advisors cut its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 4.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,492 shares of the bank’s stock after selling 2,089 shares during the period. Five Oceans Advisors’ holdings in Mizuho Financial Group were worth $275,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in Mizuho Financial Group by 19.3% during the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock worth $60,000 after purchasing an additional 1,998 shares during the period. Merit Financial Group LLC lifted its position in shares of Mizuho Financial Group by 6.7% in the first quarter. Merit Financial Group LLC now owns 38,476 shares of the bank’s stock valued at $212,000 after buying an additional 2,414 shares during the last quarter. Choreo LLC boosted its stake in shares of Mizuho Financial Group by 2.8% during the 1st quarter. Choreo LLC now owns 101,081 shares of the bank’s stock worth $557,000 after acquiring an additional 2,720 shares during the period. Legacy Financial Advisors Inc. boosted its stake in shares of Mizuho Financial Group by 19.9% during the 1st quarter. Legacy Financial Advisors Inc. now owns 16,421 shares of the bank’s stock worth $90,000 after acquiring an additional 2,730 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Mizuho Financial Group by 8.3% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 37,769 shares of the bank’s stock worth $208,000 after acquiring an additional 2,879 shares during the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MFG shares. 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 shares of Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Mizuho Financial Group Stock Down 0.1%

MFG stock opened at $6.79 on Friday. Mizuho Financial Group, Inc. has a fifty-two week low of $4.00 and a fifty-two week high of $6.82. 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 $85.47 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 0.83 and a beta of 0.37. The business’s fifty day moving average price is $6.38 and its two-hundred day moving average price is $5.68.

Mizuho Financial Group (NYSE:MFG) last announced its earnings results on Thursday, July 31st. The bank reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. Mizuho Financial Group had a net margin of 10.16% and a return on equity of 8.48%. The company had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.42 billion. On average, equities analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.

About Mizuho Financial Group

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.