Mizuho Financial Group, Inc. $MFG Stock Position Raised by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 11.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,266,878 shares of the bank’s stock after buying an additional 1,716,932 shares during the period. Goldman Sachs Group Inc. owned 0.13% of Mizuho Financial Group worth $119,074,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. grew its position in shares of Mizuho Financial Group by 33.6% during the 3rd quarter. American Century Companies Inc. now owns 3,821,302 shares of the bank’s stock valued at $25,603,000 after buying an additional 961,303 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Mizuho Financial Group by 65.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,120,375 shares of the bank’s stock valued at $7,507,000 after buying an additional 442,930 shares during the last quarter. Ramirez Asset Management Inc. bought a new stake in shares of Mizuho Financial Group during the 3rd quarter valued at about $7,251,000. Tudor Investment Corp ET AL grew its position in shares of Mizuho Financial Group by 99.8% during the 3rd quarter. Tudor Investment Corp ET AL now owns 666,610 shares of the bank’s stock valued at $4,466,000 after buying an additional 333,046 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in shares of Mizuho Financial Group by 5.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 7,797,023 shares of the bank’s stock valued at $52,240,000 after buying an additional 376,677 shares during the last quarter. Institutional investors own 3.26% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Mizuho Financial Group in a research report on Friday, May 1st. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Mizuho Financial Group Trading Up 0.9%

Shares of NYSE:MFG opened at $9.61 on Tuesday. The company has a 50 day moving average of $8.70 and a 200-day moving average of $8.29. The firm has a market cap of $118.63 billion, a P/E ratio of 12.64, a P/E/G ratio of 0.60 and a beta of 0.46. Mizuho Financial Group, Inc. has a twelve month low of $5.35 and a twelve month high of $10.28.

Mizuho Financial Group Company Profile

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.