Mizuho Financial Group, Inc. $MFG Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC boosted its holdings in Mizuho Financial Group, Inc. (NYSE:MFG) by 590.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,560,891 shares of the bank’s stock after purchasing an additional 14,163,328 shares during the quarter. Natixis Advisors LLC owned about 0.13% of Mizuho Financial Group worth $121,226,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. a16z Perennial Management L.P. increased its position in shares of Mizuho Financial Group by 60.5% in the fourth quarter. a16z Perennial Management L.P. now owns 28,598 shares of the bank’s stock valued at $209,000 after buying an additional 10,779 shares in the last quarter. Ellevest Inc. increased its position in shares of Mizuho Financial Group by 15.0% in the fourth quarter. Ellevest Inc. now owns 25,441 shares of the bank’s stock valued at $186,000 after buying an additional 3,317 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of Mizuho Financial Group in the fourth quarter valued at $197,000. Bleakley Financial Group LLC increased its position in shares of Mizuho Financial Group by 73.4% in the fourth quarter. Bleakley Financial Group LLC now owns 58,206 shares of the bank’s stock valued at $426,000 after buying an additional 24,646 shares in the last quarter. Finally, Themes Management Co LLC purchased a new position in shares of Mizuho Financial Group in the fourth quarter valued at $940,000. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Stock Up 2.9%

Shares of MFG stock opened at $9.30 on Wednesday. The stock has a market cap of $114.80 billion, a P/E ratio of 12.23, a P/E/G ratio of 0.58 and a beta of 0.46. Mizuho Financial Group, Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $10.28. The business has a fifty day simple moving average of $8.52 and a 200-day simple moving average of $8.19.

Wall Street Analysts Forecast Growth

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

Mizuho Financial Group 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.