Mercer Global Advisors Inc. ADV purchased a new stake in Mizuho Financial Group Inc. (NYSE:MFG) during the first quarter, HoldingsChannel.com reports. The firm purchased 292,830 shares of the bank’s stock, valued at approximately $878,000.
Several other large investors also recently made changes to their positions in the company. CAPROCK Group Inc. increased its holdings in shares of Mizuho Financial Group by 14.5% in the 4th quarter. CAPROCK Group Inc. now owns 51,421 shares of the bank’s stock valued at $154,000 after acquiring an additional 6,527 shares during the period. Advisor Group Inc. increased its holdings in shares of Mizuho Financial Group by 154.4% in the 4th quarter. Advisor Group Inc. now owns 13,501 shares of the bank’s stock valued at $41,000 after acquiring an additional 8,194 shares during the period. Bank of Montreal Can increased its holdings in shares of Mizuho Financial Group by 5.2% in the 4th quarter. Bank of Montreal Can now owns 168,386 shares of the bank’s stock valued at $505,000 after acquiring an additional 8,303 shares during the period. Fulton Bank N.A. purchased a new position in shares of Mizuho Financial Group in the 4th quarter valued at $32,000. Finally, Comerica Bank increased its holdings in shares of Mizuho Financial Group by 1.4% in the 4th quarter. Comerica Bank now owns 742,890 shares of the bank’s stock valued at $2,407,000 after acquiring an additional 10,273 shares during the period. Institutional investors and hedge funds own 0.42% of the company’s stock.
Shares of NYSE:MFG opened at $3.13 on Wednesday. Mizuho Financial Group Inc. has a 12-month low of $2.92 and a 12-month high of $3.70. The firm has a market capitalization of $39.56 billion, a PE ratio of 7.83 and a beta of 1.13.
Mizuho Financial Group (NYSE:MFG) last announced its earnings results on Thursday, January 31st. The bank reported $0.04 earnings per share for the quarter. Mizuho Financial Group had a return on equity of 4.97% and a net margin of 12.89%. The firm had revenue of $7.67 billion for the quarter. As a group, sell-side analysts anticipate that Mizuho Financial Group Inc. will post 0.06 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded Mizuho Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th.
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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, and Asia/Oceania. 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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