Trade Report: Today, Advisors Asset Management Inc. Boosts Position in Mizuho Financial Group inc. (MFG)

Today, Advisors Asset Management Inc. Boosts Position in Mizuho Financial Group inc. (MFG)

Advisors Asset Management Inc. boosted its position in shares of Mizuho Financial Group inc. (NYSE:MFG) by 21.5% during the third quarter, Holdings Channel reports. The institutional investor owned 239,959 shares of the company’s stock after buying an additional 42,403 shares during the period. Advisors Asset Management Inc.’s holdings in Mizuho Financial Group inc. were worth $806,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MFG. Boston Advisors LLC boosted its stake in Mizuho Financial Group inc. by 0.5% in the third quarter. Boston Advisors LLC now owns 105,498 shares of the company’s stock worth $354,000 after buying an additional 500 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Mizuho Financial Group inc. by 1.5% in the second quarter. Checchi Capital Advisers LLC now owns 84,430 shares of the company’s stock worth $241,000 after buying an additional 1,244 shares in the last quarter. Johnson Investment Counsel Inc. boosted its stake in Mizuho Financial Group inc. by 6.1% in the second quarter. Johnson Investment Counsel Inc. now owns 58,040 shares of the company’s stock worth $165,000 after buying an additional 3,361 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in Mizuho Financial Group inc. by 4.7% in the second quarter. Wetherby Asset Management Inc. now owns 96,318 shares of the company’s stock worth $274,000 after buying an additional 4,336 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Mizuho Financial Group inc. by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 942,823 shares of the company’s stock worth $2,687,000 after buying an additional 5,950 shares in the last quarter. Institutional investors and hedge funds own 0.26% of the company’s stock.

Shares of Mizuho Financial Group inc. (NYSE:MFG) traded down 5.43% during mid-day trading on Friday, reaching $3.48. The company’s stock had a trading volume of 302,566 shares. Mizuho Financial Group inc. has a 52-week low of $2.69 and a 52-week high of $4.15. The firm has a market cap of $44.13 billion, a price-to-earnings ratio of 7.47 and a beta of 1.33. The firm has a 50 day moving average price of $3.35 and a 200 day moving average price of $3.22.

Separately, Zacks Investment Research cut Mizuho Financial Group inc. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.50.

Mizuho Financial Group inc. Company Profile

Mizuho Financial Group, Inc (MHFG) is a financial holding company. The Company, through its subsidiaries, provides domestic and international financial services in Japan and other countries. The Company’s segments include MHBK, MHTB, MHSC and Others. The MHBK segment includes Personal Banking; Retail Banking; Corporate Banking (Large Corporations); Corporate Banking; Financial Institutions & Public Sector Business; International Banking, and Trading and others.

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