Mizuho Financial Group, Inc. $MFG Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 590.7% during the fourth quarter, Holdings Channel reports. The fund owned 16,560,891 shares of the bank’s stock after purchasing an additional 14,163,328 shares during the quarter. Natixis Advisors LLC’s holdings in Mizuho Financial Group were worth $121,226,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of Mizuho Financial Group by 33.6% during the third quarter. American Century Companies Inc. now owns 3,821,302 shares of the bank’s stock valued at $25,603,000 after acquiring an additional 961,303 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Mizuho Financial Group by 65.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,120,375 shares of the bank’s stock worth $7,507,000 after buying an additional 442,930 shares during the last quarter. Ramirez Asset Management Inc. acquired a new stake in Mizuho Financial Group in the 3rd quarter worth about $7,251,000. Tudor Investment Corp ET AL boosted its stake in Mizuho Financial Group by 99.8% in the 3rd quarter. Tudor Investment Corp ET AL now owns 666,610 shares of the bank’s stock worth $4,466,000 after buying an additional 333,046 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in Mizuho Financial Group by 5.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 7,797,023 shares of the bank’s stock worth $52,240,000 after buying an additional 376,677 shares during the last quarter. Institutional investors and hedge funds own 3.26% of the company’s stock.

Mizuho Financial Group Trading Up 2.9%

Shares of NYSE:MFG opened at $9.30 on Wednesday. The stock’s 50-day moving average price is $8.52 and its two-hundred day moving average price is $8.19. Mizuho Financial Group, Inc. has a 12-month low of $5.35 and a 12-month high of $10.28. The firm has a market cap of $114.80 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 0.58 and a beta of 0.46.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b+)” rating on shares of Mizuho Financial Group in a research note on Friday, May 1st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Mizuho Financial Group presently 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.