Bank of New York Mellon Corp reduced its position in shares of Mizuho Financial Group Inc. (NYSE:MFG) by 14.9% in the 3rd quarter, Holdings Channel reports. The firm owned 234,270 shares of the bank’s stock after selling 40,922 shares during the period. Bank of New York Mellon Corp’s holdings in Mizuho Financial Group were worth $832,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of MFG. Crossmark Global Holdings Inc. acquired a new stake in Mizuho Financial Group in the 3rd quarter valued at about $8,895,000. Royal Bank of Canada increased its position in Mizuho Financial Group by 490,920.8% in the 2nd quarter. Royal Bank of Canada now owns 2,096,659 shares of the bank’s stock valued at $7,696,000 after acquiring an additional 2,096,232 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Mizuho Financial Group by 15.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 7,047,574 shares of the bank’s stock valued at $25,865,000 after acquiring an additional 932,408 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Mizuho Financial Group by 6.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,863,837 shares of the bank’s stock valued at $10,510,000 after acquiring an additional 185,959 shares in the last quarter. Finally, M&T Bank Corp increased its position in Mizuho Financial Group by 32.3% in the 2nd quarter. M&T Bank Corp now owns 33,008 shares of the bank’s stock valued at $121,000 after acquiring an additional 8,061 shares in the last quarter. Hedge funds and other institutional investors own 0.33% of the company’s stock.

Shares of Mizuho Financial Group Inc. (NYSE:MFG) opened at $3.94 on Friday. Mizuho Financial Group Inc. has a 1 year low of $3.37 and a 1 year high of $3.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.90 and a current ratio of 0.93. The company has a market cap of $49,550.00, a P/E ratio of 9.85 and a beta of 1.23.

Several equities research analysts have weighed in on MFG shares. Morgan Stanley cut shares of Mizuho Financial Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, November 30th. Zacks Investment Research upgraded shares of Mizuho Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, December 2nd. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $4.00.

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About Mizuho Financial Group

Mizuho Financial Group, Inc (MHFG) is a financial holding company. The Company, through its subsidiaries, provides domestic and international financial services in Japan and other countries. The Company’s segments include MHBK, MHTB, MHSC and Others. The MHBK segment includes Personal Banking; Retail Banking; Corporate Banking (Large Corporations); Corporate Banking; Financial Institutions & Public Sector Business; International Banking, and Trading and others.

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Institutional Ownership by Quarter for Mizuho Financial Group (NYSE:MFG)

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