Rhumbline Advisers Sells 82,872 Shares of Mizuho Financial Group, Inc. $MFG

Rhumbline Advisers cut its holdings in Mizuho Financial Group, Inc. (NYSE:MFG) by 29.0% in the third quarter, Holdings Channel reports. The fund owned 203,365 shares of the bank’s stock after selling 82,872 shares during the quarter. Rhumbline Advisers’ holdings in Mizuho Financial Group were worth $1,363,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MFG. Marshall Wace LLP bought a new stake in shares of Mizuho Financial Group in the 2nd quarter valued at about $3,035,000. Y Intercept Hong Kong Ltd purchased a new position in Mizuho Financial Group during the third quarter valued at approximately $2,642,000. Balyasny Asset Management L.P. raised its stake in Mizuho Financial Group by 2,886.2% in the second quarter. Balyasny Asset Management L.P. now owns 377,783 shares of the bank’s stock worth $2,100,000 after buying an additional 365,132 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Mizuho Financial Group in the second quarter worth approximately $2,005,000. Finally, AQR Capital Management LLC lifted its holdings in 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 buying an additional 342,652 shares during the period. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Mizuho Financial Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Mizuho Financial Group currently has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Trading Down 1.4%

Mizuho Financial Group stock opened at $8.89 on Monday. The stock has a 50-day moving average of $8.54 and a two-hundred day moving average of $7.36. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.96 and a current ratio of 0.97. Mizuho Financial Group, Inc. has a one year low of $4.04 and a one year high of $10.28. The stock has a market cap of $110.42 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.69 and a beta of 0.36.

Mizuho Financial Group (NYSE:MFG) last issued its quarterly earnings results on Monday, February 2nd. The bank reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $5.58 billion. Mizuho Financial Group had a return on equity of 9.23% and a net margin of 12.31%. On average, research analysts anticipate that Mizuho Financial Group, Inc. will post 0.42 EPS for the current fiscal 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.