104,546 Shares in Mizuho Financial Group, Inc. $MFG Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC bought a new position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 104,546 shares of the bank’s stock, valued at approximately $1,155,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. West Financial Advisors LLC acquired a new stake in Mizuho Financial Group in the 3rd quarter valued at $29,000. Mather Group LLC. increased its holdings in Mizuho Financial Group by 768.3% in the 3rd quarter. Mather Group LLC. now owns 3,482 shares of the bank’s stock worth $38,000 after acquiring an additional 3,081 shares in the last quarter. Root Financial Partners LLC acquired a new position in Mizuho Financial Group during the third quarter worth $41,000. V Square Quantitative Management LLC acquired a new position in Mizuho Financial Group during the first quarter worth $34,000. Finally, Grove Bank & Trust purchased a new position in Mizuho Financial Group during the second quarter valued at $49,000. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Price Performance

NYSE:MFG opened at $9.81 on Thursday. Mizuho Financial Group, Inc. has a 12 month low of $6.45 and a 12 month high of $11.49. The stock has a 50 day moving average of $10.57 and a two-hundred day moving average of $9.56. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.53. The firm has a market cap of $121.22 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 0.61 and a beta of 0.57.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Mizuho Financial Group from a “buy (a)” rating to a “buy (b+)” rating in a research report on Friday, October 23rd. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

About Mizuho Financial Group

Mizuho Financial Group, Inc is a Japan-based financial services holding company headquartered in Tokyo. Through its subsidiaries, the group provides banking, trust banking, securities, asset management, and other financial services to individuals, businesses, financial institutions, and public-sector organizations.

Its principal businesses include deposits and lending, payments and settlement services, foreign exchange, investment banking, securities brokerage and underwriting, trust and asset management, wealth management, and corporate advisory services.