Bank of New York Mellon Corp decreased its stake in Mizuho Financial Group inc. (NYSE:MFG) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 356,458 shares of the company’s stock after selling 566 shares during the period. Bank of New York Mellon Corp’s holdings in Mizuho Financial Group inc. were worth $1,016,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. OLD Mission Capital LLC purchased a new stake in shares of Mizuho Financial Group inc. during the first quarter valued at approximately $915,000. Checchi Capital Advisers LLC raised its stake in Mizuho Financial Group inc. by 1.5% in the second quarter. Checchi Capital Advisers LLC now owns 84,430 shares of the company’s stock worth $241,000 after buying an additional 1,244 shares during the period. Finally, Bank of Montreal Can bought a new stake in Mizuho Financial Group inc. during the second quarter worth about $349,000. Institutional investors own 0.27% of the company’s stock.
Shares of Mizuho Financial Group inc. (NYSE:MFG) remained flat at $3.20 during mid-day trading on Friday. The company’s stock had a trading volume of 136,555 shares. Mizuho Financial Group inc. has a 12-month low of $2.69 and a 12-month high of $4.27. The stock has a 50-day moving average of $3.40 and a 200-day moving average of $3.14. The firm has a market cap of $40.17 billion, a PE ratio of 6.53 and a beta of 1.11.
MFG has been the subject of a number of recent research reports. Zacks Investment Research lowered Mizuho Financial Group inc. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 23rd. JPMorgan Chase & Co. initiated coverage on Mizuho Financial Group inc. in a research note on Wednesday, July 6th. They issued an “overweight” rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.50.
About Mizuho Financial Group inc.
Mizuho Financial Group, Inc is a provider of domestic and international financial services in Japan and other countries. The Company is engaged in banking, trust banking, securities and other businesses related to financial services through its subsidiaries and affiliates. The Company has four segments: Mizuho Bank, Ltd., which offers a range of financial products and services in relation to deposits, lending and exchange settlement to individuals, small and medium enterprises, large corporations, financial institutions, public sector entities and foreign corporations, including foreign subsidiaries of Japanese corporations; Mizuho Trust & Banking Co, Ltd., which offers trust-related products and consulting services; Mizuho Securities Co, Ltd., which offers securities services to corporations, financial institutions, public sector entities and individuals, and Others, which include Trust & Custody Services Bank, Ltd., Mizuho Capital Co, Ltd.
Want to see what other hedge funds are holding MFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mizuho Financial Group inc. (NYSE:MFG).
Receive News & Ratings for Mizuho Financial Group inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mizuho Financial Group inc. and related companies with MarketBeat.com's FREE daily email newsletter.