Rehmann Capital Advisory Group Takes Position in Mizuho Financial Group, Inc. $MFG

Rehmann Capital Advisory Group bought a new stake in Mizuho Financial Group, Inc. (NYSE:MFG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 57,552 shares of the bank’s stock, valued at approximately $421,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Riversedge Advisors LLC grew its position in Mizuho Financial Group by 6.4% during the 4th quarter. Riversedge Advisors LLC now owns 21,151 shares of the bank’s stock worth $155,000 after purchasing an additional 1,279 shares during the period. State Street Corp boosted its stake in shares of Mizuho Financial Group by 6.5% in the fourth quarter. State Street Corp now owns 22,640 shares of the bank’s stock worth $166,000 after buying an additional 1,380 shares during the last quarter. Calydon Capital grew its holdings in Mizuho Financial Group by 6.2% during the fourth quarter. Calydon Capital now owns 26,543 shares of the bank’s stock worth $194,000 after acquiring an additional 1,555 shares during the period. Hilltop Holdings Inc. grew its holdings in Mizuho Financial Group by 8.5% during the third quarter. Hilltop Holdings Inc. now owns 20,052 shares of the bank’s stock worth $134,000 after acquiring an additional 1,568 shares during the period. Finally, Aprio Wealth Management LLC raised its position in Mizuho Financial Group by 4.6% during the fourth quarter. Aprio Wealth Management LLC now owns 37,338 shares of the bank’s stock valued at $273,000 after acquiring an additional 1,650 shares in the last quarter. Institutional investors and hedge funds own 3.26% of the company’s stock.

Mizuho Financial Group Trading Down 1.4%

MFG opened at $10.15 on Tuesday. Mizuho Financial Group, Inc. has a twelve month low of $5.35 and a twelve month high of $10.39. The firm has a market capitalization of $125.42 billion, a PE ratio of 13.36, a PEG ratio of 0.64 and a beta of 0.46. The firm’s 50-day moving average price is $9.03 and its 200 day moving average price is $8.50.

Analyst Upgrades and Downgrades

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

About Mizuho Financial Group

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.