Eagle Asset Management Inc. increased its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 16.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,446 shares of the bank’s stock after buying an additional 7,776 shares during the quarter. Eagle Asset Management Inc.’s holdings in Mizuho Financial Group were worth $199,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC grew its stake in Mizuho Financial Group by 16.1% during the 2nd quarter. Ballentine Partners LLC now owns 29,478 shares of the bank’s stock worth $107,000 after buying an additional 4,079 shares during the last quarter. Proficio Capital Partners LLC grew its stake in Mizuho Financial Group by 207.7% during the 1st quarter. Proficio Capital Partners LLC now owns 32,538 shares of the bank’s stock worth $116,000 after buying an additional 21,962 shares during the last quarter. Signaturefd LLC grew its stake in Mizuho Financial Group by 16.9% during the 1st quarter. Signaturefd LLC now owns 34,640 shares of the bank’s stock worth $128,000 after buying an additional 5,007 shares during the last quarter. CAPROCK Group Inc. purchased a new position in Mizuho Financial Group during the 2nd quarter worth approximately $145,000. Finally, Sei Investments Co. grew its stake in Mizuho Financial Group by 9.0% during the 1st quarter. Sei Investments Co. now owns 58,567 shares of the bank’s stock worth $216,000 after buying an additional 4,823 shares during the last quarter. Hedge funds and other institutional investors own 0.33% of the company’s stock.
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Shares of Mizuho Financial Group, Inc. (NYSE MFG) opened at 3.44 on Wednesday. The firm’s 50-day moving average price is $3.47 and its 200-day moving average price is $3.60. Mizuho Financial Group, Inc. has a 52-week low of $3.17 and a 52-week high of $3.87. The firm has a market capitalization of $43.63 billion, a PE ratio of 8.11 and a beta of 1.19.
A number of research analysts recently issued reports on MFG shares. Zacks Investment Research upgraded Mizuho Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st. BidaskClub raised Mizuho Financial Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. UBS AG raised Mizuho Financial Group from a “sell” rating to a “neutral” rating in a research report on Thursday, June 22nd. Finally, J P Morgan Chase & Co cut Mizuho Financial Group from an “overweight” rating to a “neutral” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Mizuho Financial Group presently 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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