US Bancorp DE cut its holdings in shares of Mizuho Financial Group Inc. (NYSE:MFG) by 5.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,763,074 shares of the bank’s stock after selling 111,057 shares during the period. US Bancorp DE’s holdings in Mizuho Financial Group were worth $5,078,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in MFG. First Republic Investment Management Inc. grew its stake in shares of Mizuho Financial Group by 145.8% during the first quarter. First Republic Investment Management Inc. now owns 42,841 shares of the bank’s stock valued at $131,000 after acquiring an additional 25,415 shares in the last quarter. Greenleaf Trust grew its stake in Mizuho Financial Group by 107.7% in the first quarter. Greenleaf Trust now owns 132,957 shares of the bank’s stock worth $407,000 after purchasing an additional 68,930 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Mizuho Financial Group by 4.0% in the first quarter. Parametric Portfolio Associates LLC now owns 9,734,865 shares of the bank’s stock worth $29,789,000 after purchasing an additional 377,799 shares in the last quarter. Ballentine Partners LLC grew its stake in Mizuho Financial Group by 50.0% in the first quarter. Ballentine Partners LLC now owns 37,750 shares of the bank’s stock worth $116,000 after purchasing an additional 12,589 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Mizuho Financial Group by 33.8% in the first quarter. Signaturefd LLC now owns 118,771 shares of the bank’s stock worth $363,000 after purchasing an additional 30,010 shares in the last quarter. Institutional investors own 0.42% of the company’s stock.
NYSE MFG traded up $0.02 during trading hours on Thursday, reaching $3.15. The company’s stock had a trading volume of 2,300 shares, compared to its average volume of 757,701. 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 business has a 50-day simple moving average of $2.97 and a 200 day simple moving average of $2.97. Mizuho Financial Group Inc. has a 52 week low of $2.66 and a 52 week high of $3.65. The stock has a market cap of $39.60 billion, a PE ratio of 7.50 and a beta of 1.13.
A number of research firms recently commented on MFG. Zacks Investment Research downgraded Mizuho Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. ValuEngine upgraded Mizuho Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 27th.
About Mizuho Financial Group
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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