Marks Group Wealth Management Inc Sells 6,550 Shares of Mizuho Financial Group, Inc. (NYSE:MFG)

Marks Group Wealth Management Inc cut its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 20.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,003 shares of the bank’s stock after selling 6,550 shares during the period. Marks Group Wealth Management Inc’s holdings in Mizuho Financial Group were worth $127,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MFG. FMR LLC increased its holdings in shares of Mizuho Financial Group by 31.0% in the third quarter. FMR LLC now owns 17,622,960 shares of the bank’s stock worth $73,664,000 after purchasing an additional 4,167,234 shares during the period. Natixis Advisors LLC increased its stake in Mizuho Financial Group by 351.2% in the 3rd quarter. Natixis Advisors LLC now owns 3,355,910 shares of the bank’s stock worth $14,028,000 after acquiring an additional 2,612,204 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Mizuho Financial Group by 2,151.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 570,800 shares of the bank’s stock valued at $2,386,000 after acquiring an additional 545,446 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Mizuho Financial Group by 473.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 421,624 shares of the bank’s stock valued at $1,762,000 after acquiring an additional 348,046 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its position in shares of Mizuho Financial Group by 1,077.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 278,847 shares of the bank’s stock valued at $1,166,000 after acquiring an additional 255,164 shares during the last quarter. 3.26% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Stock Down 1.1 %

MFG stock opened at $5.43 on Thursday. The company’s 50 day moving average is $5.12 and its 200 day moving average is $4.58. The stock has a market cap of $68.81 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 0.97 and a beta of 0.45. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.39. Mizuho Financial Group, Inc. has a 1-year low of $3.45 and a 1-year high of $5.66.

Mizuho Financial Group (NYSE:MFG) last issued its quarterly earnings results on Monday, February 3rd. The bank reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Mizuho Financial Group had a net margin of 7.85% and a return on equity of 8.56%. Sell-side analysts predict 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.