Sanctuary Advisors LLC cut its position in Mizuho Financial Group, Inc. (NYSE:MFG – Free Report) by 44.5% in the first quarter, Holdings Channel reports. The firm owned 77,177 shares of the bank’s stock after selling 61,966 shares during the period. Sanctuary Advisors LLC’s holdings in Mizuho Financial Group were worth $613,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in MFG. Morgan Stanley increased its position in Mizuho Financial Group by 5.7% during the fourth quarter. Morgan Stanley now owns 59,084,500 shares of the bank’s stock worth $432,499,000 after buying an additional 3,166,984 shares during the period. Natixis Advisors LLC increased its holdings in shares of Mizuho Financial Group by 590.7% in the 4th quarter. Natixis Advisors LLC now owns 16,560,891 shares of the bank’s stock valued at $121,226,000 after acquiring an additional 14,163,328 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Mizuho Financial Group by 11.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 16,266,878 shares of the bank’s stock valued at $119,074,000 after acquiring an additional 1,716,932 shares during the period. Bank of America Corp DE raised its position in Mizuho Financial Group by 1.7% in the 3rd quarter. Bank of America Corp DE now owns 12,602,417 shares of the bank’s stock valued at $84,436,000 after purchasing an additional 216,330 shares during the last quarter. Finally, Northern Trust Corp raised its position in Mizuho Financial Group by 1.7% in the 3rd quarter. Northern Trust Corp now owns 10,314,793 shares of the bank’s stock valued at $69,109,000 after purchasing an additional 167,604 shares during the last quarter. Hedge funds and other institutional investors own 3.26% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of Mizuho Financial Group in a research note on Friday, May 1st. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Mizuho Financial Group presently has an average rating of “Moderate Buy”.
Mizuho Financial Group Trading Down 0.6%
NYSE MFG opened at $10.57 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $130.51 billion, a P/E ratio of 13.90, a P/E/G ratio of 0.87 and a beta of 0.46. Mizuho Financial Group, Inc. has a 52-week low of $5.74 and a 52-week high of $10.78. The firm has a 50-day moving average price of $9.81 and a 200 day moving average price of $8.99.
About Mizuho Financial Group
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.
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