Goldman Sachs Group Inc. boosted its stake in Mizuho Financial Group, Inc. (NYSE:MFG) by 13.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,677,878 shares of the bank’s stock after buying an additional 314,712 shares during the period. Goldman Sachs Group Inc.’s holdings in Mizuho Financial Group were worth $9,881,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Karp Capital Management Corp purchased a new position in Mizuho Financial Group during the first quarter valued at about $11,860,000. Capstone Asset Management Co. raised its position in Mizuho Financial Group by 137.3% in the first quarter. Capstone Asset Management Co. now owns 2,351,968 shares of the bank’s stock valued at $8,679,000 after buying an additional 1,361,033 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in Mizuho Financial Group by 11.4% in the first quarter. Parametric Portfolio Associates LLC now owns 6,115,166 shares of the bank’s stock valued at $22,565,000 after buying an additional 624,953 shares in the last quarter. US Bancorp DE raised its position in Mizuho Financial Group by 3.6% in the first quarter. US Bancorp DE now owns 2,049,557 shares of the bank’s stock valued at $7,564,000 after buying an additional 71,677 shares in the last quarter. Finally, Gradient Investments LLC raised its position in Mizuho Financial Group by 16,408.3% in the first quarter. Gradient Investments LLC now owns 69,335 shares of the bank’s stock valued at $256,000 after buying an additional 68,915 shares in the last quarter. 0.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of Mizuho Financial Group, Inc. (MFG) opened at 3.56 on Wednesday. The stock’s 50 day moving average is $3.61 and its 200 day moving average is $3.66. The firm has a market capitalization of $45.15 billion, a P/E ratio of 8.40 and a beta of 1.17. Mizuho Financial Group, Inc. has a 1-year low of $2.95 and a 1-year high of $3.87.
Several equities analysts have issued reports on MFG shares. Zacks Investment Research lowered shares of Mizuho Financial Group from a “hold” rating to a “sell” rating in a report on Friday, May 5th. J P Morgan Chase & Co lowered shares of Mizuho Financial Group from an “overweight” rating to a “neutral” rating in a report on Friday, June 2nd. BidaskClub downgraded shares of Mizuho Financial Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 21st. Finally, UBS AG upgraded shares of Mizuho Financial Group from a “sell” rating to a “neutral” rating in a research note on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company currently has a consensus rating of “Hold”.
Mizuho Financial Group Company Profile
Mizuho Financial Group, Inc (MHFG) is a financial holding company. The Company, through its subsidiaries, provides domestic and international financial services in Japan and other countries. The Company’s segments include MHBK, MHTB, MHSC and Others. The MHBK segment includes Personal Banking; Retail Banking; Corporate Banking (Large Corporations); Corporate Banking; Financial Institutions & Public Sector Business; International Banking, and Trading and others.
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