Bank of Montreal Can Sells 13,515 Shares of Mizuho Financial Group, Inc. $MFG

Bank of Montreal Can lessened its position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 4.9% during the second quarter, Holdings Channel reports. The institutional investor owned 261,262 shares of the bank’s stock after selling 13,515 shares during the quarter. Bank of Montreal Can’s holdings in Mizuho Financial Group were worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in Mizuho Financial Group by 0.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,508,417 shares of the bank’s stock valued at $79,941,000 after acquiring an additional 57,806 shares during the period. Northern Trust Corp increased its stake in shares of Mizuho Financial Group by 2.2% in the first quarter. Northern Trust Corp now owns 9,954,056 shares of the bank’s stock worth $54,847,000 after purchasing an additional 210,073 shares in the last quarter. American Century Companies Inc. raised its position in shares of Mizuho Financial Group by 3.5% in the first quarter. American Century Companies Inc. now owns 2,845,350 shares of the bank’s stock valued at $15,678,000 after purchasing an additional 95,035 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Mizuho Financial Group by 3.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,602,728 shares of the bank’s stock valued at $8,831,000 after buying an additional 59,671 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Mizuho Financial Group by 17.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,121,350 shares of the bank’s stock valued at $6,179,000 after buying an additional 169,243 shares in the last quarter. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Mizuho Financial Group from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Weiss Ratings reiterated a “buy (b+)” rating on shares of Mizuho Financial Group in a research report on Wednesday, October 8th. Finally, Zacks Research lowered Mizuho Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 25th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Mizuho Financial Group Price Performance

MFG stock opened at $6.79 on Friday. The firm has a 50 day simple moving average of $6.57 and a two-hundred day simple moving average of $6.02. The stock has a market cap of $84.85 billion, a PE ratio of 14.15, a P/E/G ratio of 0.80 and a beta of 0.34. Mizuho Financial Group, Inc. has a one year low of $4.04 and a one year high of $6.87. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.96 and a quick ratio of 0.96.

Mizuho Financial Group Profile

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, Asia/Oceania, and internationally. It operates through Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, Asset Management Company, and Others segments.