M&T Bank Corp Sells 6,223 Shares of Mizuho Financial Group, Inc. (NYSE:MFG)

M&T Bank Corp reduced its stake in Mizuho Financial Group, Inc. (NYSE:MFG) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 284,249 shares of the bank’s stock after selling 6,223 shares during the period. M&T Bank Corp’s holdings in Mizuho Financial Group were worth $725,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Private Capital Group LLC boosted its position in shares of Mizuho Financial Group by 24.7% in the 2nd quarter. Private Capital Group LLC now owns 23,285 shares of the bank’s stock worth $58,000 after purchasing an additional 4,617 shares during the last quarter. Balentine LLC boosted its position in shares of Mizuho Financial Group by 41.4% in the 3rd quarter. Balentine LLC now owns 21,453 shares of the bank’s stock worth $55,000 after purchasing an additional 6,276 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Mizuho Financial Group by 66.4% in the 2nd quarter. Private Advisor Group LLC now owns 22,121 shares of the bank’s stock worth $55,000 after purchasing an additional 8,830 shares during the last quarter. Ellevest Inc. boosted its position in shares of Mizuho Financial Group by 32.6% in the 3rd quarter. Ellevest Inc. now owns 36,958 shares of the bank’s stock worth $94,000 after purchasing an additional 9,090 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Mizuho Financial Group by 79.7% in the 2nd quarter. Bank of Montreal Can now owns 24,362 shares of the bank’s stock worth $60,000 after purchasing an additional 10,806 shares during the last quarter. Institutional investors and hedge funds own 0.41% of the company’s stock.

Several research analysts have recently issued reports on MFG shares. Zacks Investment Research upgraded Mizuho Financial Group from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research report on Thursday, September 3rd. The Goldman Sachs Group lowered Mizuho Financial Group from a “neutral” rating to a “sell” rating in a research report on Friday, October 2nd. Finally, ValuEngine downgraded Mizuho Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, November 2nd.

Shares of Mizuho Financial Group stock opened at $2.77 on Friday. The company has a market capitalization of $35.13 billion, a PE ratio of 9.55, a PEG ratio of 1.62 and a beta of 0.88. Mizuho Financial Group, Inc. has a 12 month low of $1.96 and a 12 month high of $3.19. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.02. The stock’s fifty day simple moving average is $2.56 and its 200 day simple moving average is $2.55.

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, Asia/Oceania, and internationally. 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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Institutional Ownership by Quarter for Mizuho Financial Group (NYSE:MFG)

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