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

Lido Advisors LLC boosted its holdings in Mizuho Financial Group, Inc. (NYSE:MFG) by 435.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,552 shares of the bank’s stock after purchasing an additional 184,271 shares during the quarter. Lido Advisors LLC’s holdings in Mizuho Financial Group were worth $1,799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MFG. First Trust Advisors LP boosted its holdings in shares of Mizuho Financial Group by 10.3% in the 1st quarter. First Trust Advisors LP now owns 294,055 shares of the bank’s stock valued at $2,335,000 after buying an additional 27,413 shares during the period. XY Capital Ltd bought a new stake in shares of Mizuho Financial Group during the 1st quarter valued at about $2,898,000. PNC Financial Services Group Inc. raised its stake in Mizuho Financial Group by 19.0% during the first quarter. PNC Financial Services Group Inc. now owns 270,760 shares of the bank’s stock worth $2,150,000 after acquiring an additional 43,139 shares during the period. Earned Wealth Advisors LLC lifted its holdings in Mizuho Financial Group by 41.4% in the first quarter. Earned Wealth Advisors LLC now owns 23,632 shares of the bank’s stock worth $188,000 after acquiring an additional 6,919 shares during the last quarter. Finally, WCM Investment Management LLC bought a new position in Mizuho Financial Group in the first quarter worth about $7,014,000. 3.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Mizuho Financial Group Stock Up 0.0%

Mizuho Financial Group stock opened at $10.63 on Monday. The company has a 50-day simple moving average of $9.77 and a 200-day simple moving average of $8.97. The firm has a market capitalization of $131.35 billion, a P/E ratio of 13.99, a P/E/G ratio of 0.87 and a beta of 0.46. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.98 and a current ratio of 0.98. Mizuho Financial Group, Inc. has a one year low of $5.74 and a one year high of $10.78.

About Mizuho Financial Group

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.