Corient Private Wealth LLC Acquires 96,566 Shares of Mizuho Financial Group, Inc. $MFG

Corient Private Wealth LLC grew its holdings in Mizuho Financial Group, Inc. (NYSE:MFG) by 65.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 244,990 shares of the bank’s stock after purchasing an additional 96,566 shares during the quarter. Corient Private Wealth LLC’s holdings in Mizuho Financial Group were worth $1,362,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its holdings in shares of Mizuho Financial Group by 0.4% in the first quarter. Goldman Sachs Group Inc. now owns 14,508,417 shares of the bank’s stock valued at $79,941,000 after buying an additional 57,806 shares during the last quarter. Northern Trust Corp increased its position in Mizuho Financial Group by 2.2% in the 1st quarter. Northern Trust Corp now owns 9,954,056 shares of the bank’s stock valued at $54,847,000 after acquiring an additional 210,073 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Mizuho Financial Group by 0.5% in the second quarter. American Century Companies Inc. now owns 2,859,999 shares of the bank’s stock worth $15,902,000 after acquiring an additional 14,649 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 purchasing an additional 169,243 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Mizuho Financial Group by 87.2% during the second quarter. AQR Capital Management LLC now owns 735,650 shares of the bank’s stock worth $4,090,000 after purchasing an additional 342,652 shares in the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Mizuho Financial Group in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy”.

Mizuho Financial Group Price Performance

Shares of MFG stock opened at $7.42 on Thursday. The firm’s 50 day moving average price is $6.91 and its two-hundred day moving average price is $6.40. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.96 and a current ratio of 0.96. Mizuho Financial Group, Inc. has a 52-week low of $4.04 and a 52-week high of $7.64. The stock has a market cap of $92.73 billion, a PE ratio of 13.49, a PEG ratio of 0.82 and a beta of 0.35.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings results on Friday, November 28th. The bank reported ($1.61) earnings per share for the quarter. Mizuho Financial Group had a net margin of 11.57% and a return on equity of 9.20%. The company had revenue of $7.53 billion during the quarter. As a group, analysts forecast that Mizuho Financial Group, Inc. will post 0.42 EPS for the current year.

Mizuho Financial Group Company Profile

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.