Rehmann Capital Advisory Group Acquires Shares of 57,552 Mizuho Financial Group, Inc. $MFG

Rehmann Capital Advisory Group bought a new position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 57,552 shares of the bank’s stock, valued at approximately $421,000.

Several other hedge funds have also recently added to or reduced their stakes in MFG. Riversedge Advisors LLC increased its position in Mizuho Financial Group by 6.4% during the 4th quarter. Riversedge Advisors LLC now owns 21,151 shares of the bank’s stock worth $155,000 after purchasing an additional 1,279 shares in the last quarter. State Street Corp lifted its holdings in Mizuho Financial Group by 6.5% in the 4th quarter. State Street Corp now owns 22,640 shares of the bank’s stock valued at $166,000 after purchasing an additional 1,380 shares in the last quarter. Calydon Capital boosted its stake in shares of 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 purchasing an additional 1,555 shares during the last quarter. Hilltop Holdings Inc. boosted its stake in shares of Mizuho Financial Group by 8.5% during the 3rd quarter. Hilltop Holdings Inc. now owns 20,052 shares of the bank’s stock worth $134,000 after purchasing an additional 1,568 shares during the last quarter. Finally, Aprio Wealth Management LLC grew its holdings in shares of Mizuho Financial Group by 4.6% during the fourth quarter. Aprio Wealth Management LLC now owns 37,338 shares of the bank’s stock worth $273,000 after buying an additional 1,650 shares in the last quarter. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b+)” rating on shares of Mizuho Financial Group in a research note 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 MarketBeat.com, Mizuho Financial Group presently has an average rating of “Moderate Buy”.

Mizuho Financial Group Stock Performance

MFG stock opened at $10.15 on Tuesday. The firm has a market cap of $125.42 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 0.64 and a beta of 0.46. Mizuho Financial Group, Inc. has a 1 year low of $5.35 and a 1 year high of $10.39. The stock has a 50-day simple moving average of $9.03 and a 200-day simple moving average of $8.50.

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.