Mizuho Financial Group, Inc. $MFG Stock Purchased by Ethic Inc.

Ethic Inc. boosted its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 13.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 558,405 shares of the bank’s stock after purchasing an additional 66,011 shares during the period. Ethic Inc.’s holdings in Mizuho Financial Group were worth $6,170,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Artemis Investment Management LLP boosted its holdings in Mizuho Financial Group by 84.6% in the third quarter. Artemis Investment Management LLP now owns 7,433,017 shares of the bank’s stock worth $82,135,000 after purchasing an additional 3,406,701 shares during the last quarter. Quantinno Capital Management LP grew its position in Mizuho Financial Group by 58.8% in the 1st quarter. Quantinno Capital Management LP now owns 2,906,954 shares of the bank’s stock worth $23,081,000 after purchasing an additional 1,076,717 shares during the period. WCM Investment Management LLC purchased a new stake in Mizuho Financial Group during the 1st quarter valued at $7,014,000. Calamos Wealth Management LLC purchased a new stake in Mizuho Financial Group during the 3rd quarter valued at $6,343,000. Finally, TD Waterhouse Canada Inc. raised its stake in Mizuho Financial Group by 19,975.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 439,047 shares of the bank’s stock valued at $4,309,000 after buying an additional 436,860 shares during the last quarter. Institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Trading Up 4.4%

Mizuho Financial Group stock opened at $9.81 on Tuesday. The business has a 50-day simple moving average of $10.51 and a two-hundred day simple moving average of $9.57. The company has a market cap of $121.22 billion, a P/E ratio of 12.40, a P/E/G ratio of 0.63 and a beta of 0.57. Mizuho Financial Group, Inc. has a 52-week low of $6.45 and a 52-week high of $11.49. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.53.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Mizuho Financial Group from a “buy (a)” rating to a “buy (b+)” rating in a report on Friday, October 23rd. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Mizuho Financial Group Profile

Mizuho Financial Group is a Japan-based financial services holding company headquartered in Tokyo. Its businesses serve individuals, companies, financial institutions and public-sector organizations through banking, trust banking, securities and other financial services.

The group offers services that include deposits, lending, payments, foreign exchange, securities underwriting and trading, investment banking, trust services and asset management. Its main operating companies include Mizuho Bank, Mizuho Trust & Banking and Mizuho Securities.

Mizuho Financial Group was established in 2000 through the integration of three major Japanese financial institutions: Dai-Ichi Kangyo Bank, Fuji Bank and the Industrial Bank of Japan.