Mizuho Financial Group, Inc. $MFG Shares Sold by US Bancorp DE

US Bancorp DE trimmed its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 763,985 shares of the bank’s stock after selling 14,331 shares during the quarter. US Bancorp DE’s holdings in Mizuho Financial Group were worth $4,248,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in shares of Mizuho Financial Group by 0.4% during 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 period. Northern Trust Corp increased its stake in shares of Mizuho Financial Group by 2.2% during the first quarter. Northern Trust Corp now owns 9,954,056 shares of the bank’s stock worth $54,847,000 after acquiring an additional 210,073 shares during the period. American Century Companies Inc. increased its stake in shares of Mizuho Financial Group by 3.5% during the first quarter. American Century Companies Inc. now owns 2,845,350 shares of the bank’s stock worth $15,678,000 after acquiring an additional 95,035 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Mizuho Financial Group by 3.9% during the first quarter. Envestnet Asset Management Inc. now owns 1,602,728 shares of the bank’s stock worth $8,831,000 after acquiring an additional 59,671 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Mizuho Financial Group by 17.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,121,350 shares of the bank’s stock worth $6,179,000 after acquiring an additional 169,243 shares during the period. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MFG shares. Wall Street Zen upgraded shares of Mizuho Financial Group from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Zacks Research lowered shares of Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Mizuho Financial Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Stock Up 1.7%

Shares of NYSE MFG opened at $6.20 on Tuesday. Mizuho Financial Group, Inc. has a 12-month low of $4.04 and a 12-month high of $6.87. The company has a market capitalization of $77.42 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 0.74 and a beta of 0.35. 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 firm’s 50-day moving average is $6.52 and its two-hundred day moving average is $5.74.

Mizuho Financial Group (NYSE:MFG) last announced its quarterly earnings results on Thursday, July 31st. The bank reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.42 billion. Equities analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal 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.