WCG Wealth Advisors LLC Has $1.77 Million Stock Holdings in Mizuho Financial Group, Inc. $MFG

WCG Wealth Advisors LLC raised its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 104.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 242,231 shares of the bank’s stock after buying an additional 123,792 shares during the period. WCG Wealth Advisors LLC’s holdings in Mizuho Financial Group were worth $1,773,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Paradigm Asset Management Co. LLC acquired a new stake in shares of Mizuho Financial Group in the third quarter valued at approximately $125,000. Bessemer Group Inc. increased its holdings in shares of Mizuho Financial Group by 38.6% in the third quarter. Bessemer Group Inc. now owns 7,901 shares of the bank’s stock valued at $54,000 after purchasing an additional 2,201 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Mizuho Financial Group by 45.2% in the fourth quarter. Fifth Third Bancorp now owns 8,239 shares of the bank’s stock valued at $60,000 after purchasing an additional 2,565 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Mizuho Financial Group by 22.9% in the third quarter. Jones Financial Companies Lllp now owns 9,150 shares of the bank’s stock valued at $63,000 after purchasing an additional 1,704 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in Mizuho Financial Group by 29.2% in the third quarter. Allworth Financial LP now owns 9,936 shares of the bank’s stock valued at $67,000 after acquiring an additional 2,243 shares during the last quarter. Institutional investors and hedge funds own 3.26% of the company’s stock.

Mizuho Financial Group Stock Down 2.8%

NYSE MFG opened at $9.52 on Friday. The company has a market capitalization of $117.52 billion, a P/E ratio of 12.52, a P/E/G ratio of 0.61 and a beta of 0.46. Mizuho Financial Group, Inc. has a 12-month low of $5.35 and a 12-month high of $10.28. The firm has a 50-day moving average price of $8.66 and a two-hundred day moving average price of $8.26.

Wall Street Analyst Weigh In

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

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.