According to Zacks, “THE MIZUHO FINANCIAL GROUP is a bank holding company which operates and manages its banks, long-term credit banks, specialized securities companies and other companies which the Company may own by law as its subsidiaries, and engages in business appertaining to the management and operation of such companies. “
A number of other equities analysts have also recently commented on MFG. Mizuho initiated coverage on Mizuho Financial Group in a report on Wednesday, January 29th. They set a hold rating for the company. ValuEngine cut Mizuho Financial Group from a buy rating to a hold rating in a report on Friday, January 3rd.
Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings results on Thursday, November 14th. The bank reported $0.09 earnings per share for the quarter. The company had revenue of $9.31 billion during the quarter. Mizuho Financial Group had a positive return on equity of 5.55% and a negative net margin of 0.04%. Equities analysts predict that Mizuho Financial Group will post 0.34 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC grew its position in Mizuho Financial Group by 309.9% in the fourth quarter. Advisory Services Network LLC now owns 9,116 shares of the bank’s stock worth $28,000 after acquiring an additional 6,892 shares during the period. Pinnacle Wealth Planning Services Inc. purchased a new position in Mizuho Financial Group in the fourth quarter worth approximately $31,000. PDS Planning Inc purchased a new position in Mizuho Financial Group in the third quarter worth approximately $34,000. Park Avenue Securities LLC purchased a new position in Mizuho Financial Group in the third quarter worth approximately $35,000. Finally, Balentine LLC grew its position in Mizuho Financial Group by 43.9% in the third quarter. Balentine LLC now owns 12,022 shares of the bank’s stock worth $37,000 after acquiring an additional 3,666 shares during the period. Institutional investors own 0.42% of the company’s stock.
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, and Asia/Oceania. It operates through five segments: Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, and Asset Management Company.
Recommended Story: What is a stock split?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Mizuho Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mizuho Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.