Mizuho Financial Group, Inc. $MFG Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its position in Mizuho Financial Group, Inc. (NYSE:MFG) by 44.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,177 shares of the bank’s stock after selling 61,966 shares during the period. Sanctuary Advisors LLC’s holdings in Mizuho Financial Group were worth $613,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Abel Hall LLC grew its stake in shares of Mizuho Financial Group by 2.0% during the first quarter. Abel Hall LLC now owns 63,045 shares of the bank’s stock worth $501,000 after purchasing an additional 1,257 shares in the last quarter. Fifth Third Bancorp increased its holdings in Mizuho Financial Group by 16.2% in the first quarter. Fifth Third Bancorp now owns 9,577 shares of the bank’s stock valued at $76,000 after buying an additional 1,338 shares during the last quarter. Anchyra Partners LLC raised its stake in Mizuho Financial Group by 4.4% in the first quarter. Anchyra Partners LLC now owns 32,639 shares of the bank’s stock valued at $259,000 after buying an additional 1,371 shares in the last quarter. State Street Corp raised its stake in Mizuho Financial Group by 6.5% in the fourth quarter. State Street Corp now owns 22,640 shares of the bank’s stock valued at $166,000 after buying an additional 1,380 shares in the last quarter. Finally, Calydon Capital lifted its holdings in Mizuho Financial Group by 6.2% during the 4th quarter. Calydon Capital now owns 26,543 shares of the bank’s stock worth $194,000 after buying an additional 1,555 shares during the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Mizuho Financial Group Stock Down 0.6%

Shares of NYSE:MFG opened at $10.57 on Tuesday. The company has a market capitalization of $130.51 billion, a PE ratio of 13.90, a P/E/G ratio of 0.87 and a beta of 0.46. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.82. Mizuho Financial Group, Inc. has a twelve month low of $5.74 and a twelve month high of $10.78. The firm has a 50 day simple moving average of $9.81 and a 200-day simple moving average of $8.99.

Analyst Ratings Changes

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

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.