WCG Wealth Advisors LLC Purchases 123,792 Shares of Mizuho Financial Group, Inc. $MFG

WCG Wealth Advisors LLC boosted its stake in Mizuho Financial Group, Inc. (NYSE:MFG) by 104.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 242,231 shares of the bank’s stock after acquiring an additional 123,792 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Mizuho Financial Group were worth $1,773,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MFG. Riversedge Advisors LLC boosted its stake in Mizuho Financial Group by 6.4% during the fourth quarter. Riversedge Advisors LLC now owns 21,151 shares of the bank’s stock worth $155,000 after acquiring an additional 1,279 shares in the last quarter. Hilltop Holdings Inc. lifted its stake in shares of Mizuho Financial Group by 8.5% in the third quarter. Hilltop Holdings Inc. now owns 20,052 shares of the bank’s stock valued at $134,000 after buying an additional 1,568 shares in the last quarter. Aprio Wealth Management LLC lifted its position in shares of 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 purchasing an additional 1,650 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Mizuho Financial Group by 22.9% during the third quarter. Jones Financial Companies Lllp now owns 9,150 shares of the bank’s stock valued at $63,000 after purchasing an additional 1,704 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Mizuho Financial Group by 5.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 34,881 shares of the bank’s stock valued at $255,000 after purchasing an additional 1,713 shares in the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of Mizuho Financial Group in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Mizuho Financial Group presently has an average rating of “Moderate Buy”.

Mizuho Financial Group Trading Down 2.8%

Shares of NYSE:MFG opened at $9.52 on Friday. The company has a 50 day moving average of $8.66 and a 200 day moving average of $8.26. The stock has a market cap of $117.52 billion, a P/E ratio of 12.52, a P/E/G ratio of 0.61 and a beta of 0.46. Mizuho Financial Group, Inc. has a 12 month low of $5.35 and a 12 month high of $10.28.

Mizuho Financial Group 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.