First Affirmative Financial Network Grows Position in Mizuho Financial Group, Inc. (NYSE:MFG)

First Affirmative Financial Network raised its holdings in Mizuho Financial Group, Inc. (NYSE:MFG) by 20.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,440 shares of the bank’s stock after purchasing an additional 4,517 shares during the period. First Affirmative Financial Network’s holdings in Mizuho Financial Group were worth $81,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC raised its stake in shares of Mizuho Financial Group by 278.5% during the 1st quarter. FMR LLC now owns 8,178,492 shares of the bank’s stock valued at $23,063,000 after purchasing an additional 6,017,867 shares during the period. Jane Street Group LLC purchased a new stake in shares of Mizuho Financial Group in the second quarter worth about $9,695,000. BlackRock Inc. lifted its holdings in shares of Mizuho Financial Group by 30.0% in the third quarter. BlackRock Inc. now owns 7,100,083 shares of the bank’s stock worth $15,691,000 after buying an additional 1,637,617 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Mizuho Financial Group by 153.7% in the first quarter. Envestnet Asset Management Inc. now owns 2,129,681 shares of the bank’s stock valued at $3,077,000 after acquiring an additional 1,290,129 shares during the period. Finally, Millennium Management LLC grew its stake in Mizuho Financial Group by 7,883.4% during the fourth quarter. Millennium Management LLC now owns 1,147,852 shares of the bank’s stock valued at $3,260,000 after acquiring an additional 1,133,474 shares in the last quarter. Institutional investors own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on MFG. StockNews.com assumed coverage on shares of Mizuho Financial Group in a report on Thursday, August 17th. They issued a “hold” rating for the company. The Goldman Sachs Group upgraded Mizuho Financial Group from a “neutral” rating to a “buy” rating in a research report on Thursday, July 20th.

Mizuho Financial Group Trading Down 1.9 %

Shares of MFG opened at $3.57 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.94 and a quick ratio of 0.94. Mizuho Financial Group, Inc. has a 1-year low of $2.10 and a 1-year high of $3.65. The company has a market capitalization of $45.31 billion, a P/E ratio of 9.65, a P/E/G ratio of 1.01 and a beta of 0.49. The firm’s 50 day simple moving average is $3.29 and its 200 day simple moving average is $3.08.

Mizuho Financial Group (NYSE:MFG) last announced its earnings results on Monday, July 31st. The bank reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. Mizuho Financial Group had a net margin of 9.91% and a return on equity of 6.80%. The company had revenue of $13.54 billion during the quarter. Sell-side analysts forecast that Mizuho Financial Group, Inc. will post 0.35 earnings per share for the current fiscal year.

Mizuho Financial Group Company Profile

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.