Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases 10,785 Shares of Mizuho Financial Group, Inc. $MFG

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Mizuho Financial Group, Inc. (NYSE:MFG) by 59.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 28,853 shares of the bank’s stock after buying an additional 10,785 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Mizuho Financial Group were worth $160,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in shares of Mizuho Financial Group by 3.9% in 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. Allspring Global Investments Holdings LLC grew its stake in shares of Mizuho Financial Group by 3.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 101,716 shares of the bank’s stock valued at $550,000 after buying an additional 2,918 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Mizuho Financial Group by 17.8% in 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. American Century Companies Inc. grew its stake in shares of Mizuho Financial Group by 3.5% in 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. Finally, GAMMA Investing LLC boosted its position in Mizuho Financial Group by 14.4% during the first quarter. GAMMA Investing LLC now owns 67,561 shares of the bank’s stock worth $372,000 after purchasing an additional 8,491 shares during the period. Institutional investors own 3.26% of the company’s stock.

Analysts Set New Price Targets

MFG has been the subject of a number of recent analyst reports. Wall Street Zen raised Mizuho Financial Group from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Zacks Research cut Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Mizuho Financial Group in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Stock Down 2.1%

Shares of MFG stock opened at $6.35 on Wednesday. Mizuho Financial Group, Inc. has a 12 month low of $4.04 and a 12 month high of $6.87. The firm has a market cap of $79.92 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 0.79 and a beta of 0.35. The stock has a 50 day moving average of $6.49 and a 200-day moving average of $5.73. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.21.

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