Mizuho Financial Group, Inc. $MFG Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its stake in Mizuho Financial Group, Inc. (NYSE:MFG) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,266,878 shares of the bank’s stock after acquiring an additional 1,716,932 shares during the period. Goldman Sachs Group Inc.’s holdings in Mizuho Financial Group were worth $119,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in 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 purchasing an additional 961,303 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Mizuho Financial Group by 65.4% during the third quarter. JPMorgan Chase & Co. now owns 1,120,375 shares of the bank’s stock valued at $7,507,000 after purchasing an additional 442,930 shares during the last quarter. Ramirez Asset Management Inc. acquired a new stake in Mizuho Financial Group during the third quarter valued at approximately $7,251,000. Tudor Investment Corp ET AL lifted its stake in Mizuho Financial Group by 99.8% during the third quarter. Tudor Investment Corp ET AL now owns 666,610 shares of the bank’s stock valued at $4,466,000 after purchasing an additional 333,046 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in Mizuho Financial Group by 5.1% during the third quarter. CIBC Private Wealth Group LLC now owns 7,797,023 shares of the bank’s stock valued at $52,240,000 after purchasing an additional 376,677 shares during the last quarter. 3.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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 given a Hold rating to the company. Based on data from MarketBeat, Mizuho Financial Group presently has an average rating of “Moderate Buy”.

Mizuho Financial Group Stock Performance

Mizuho Financial Group stock opened at $9.61 on Tuesday. The firm has a market cap of $118.63 billion, a PE ratio of 12.64, a P/E/G ratio of 0.60 and a beta of 0.46. The firm’s 50 day moving average price is $8.70 and its two-hundred day moving average price is $8.29. Mizuho Financial Group, Inc. has a twelve month low of $5.35 and a twelve 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.