Comerica Bank Sells 22,088 Shares of Mizuho Financial Group Inc. (NYSE:MFG)

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Comerica Bank trimmed its holdings in shares of Mizuho Financial Group Inc. (NYSE:MFG) by 3.2% during the third quarter, HoldingsChannel reports. The firm owned 672,074 shares of the bank’s stock after selling 22,088 shares during the quarter. Comerica Bank’s holdings in Mizuho Financial Group were worth $2,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cowen Inc. increased its holdings in Mizuho Financial Group by 452.5% in the 2nd quarter. Cowen Inc. now owns 5,485,850 shares of the bank’s stock worth $15,799,000 after acquiring an additional 4,492,850 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Mizuho Financial Group by 66.4% in the 2nd quarter. Renaissance Technologies LLC now owns 4,076,600 shares of the bank’s stock worth $11,741,000 after acquiring an additional 1,626,200 shares during the last quarter. Royal Bank of Canada increased its holdings in Mizuho Financial Group by 4.8% in the 2nd quarter. Royal Bank of Canada now owns 2,866,792 shares of the bank’s stock worth $8,257,000 after acquiring an additional 132,375 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Mizuho Financial Group by 3.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 846,919 shares of the bank’s stock worth $2,600,000 after acquiring an additional 24,608 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in Mizuho Financial Group by 0.7% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 836,285 shares of the bank’s stock worth $2,409,000 after acquiring an additional 5,931 shares during the last quarter. Institutional investors own 0.42% of the company’s stock.

A number of research analysts have weighed in on the company. Zacks Investment Research lowered Mizuho Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. ValuEngine raised Mizuho Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

Shares of MFG opened at $3.17 on Thursday. The company has a market cap of $40.07 billion, a PE ratio of 7.55 and a beta of 1.13. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.91. The stock has a 50-day moving average price of $3.09 and a 200-day moving average price of $2.97. Mizuho Financial Group Inc. has a 12-month low of $2.66 and a 12-month high of $3.50.

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.

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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).

Institutional Ownership by Quarter for Mizuho Financial Group (NYSE:MFG)

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