Renaissance Technologies LLC Lowers Position in Mizuho Financial Group, Inc. $MFG

Renaissance Technologies LLC cut its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 17.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,220,583 shares of the bank’s stock after selling 476,720 shares during the period. Renaissance Technologies LLC’s holdings in Mizuho Financial Group were worth $17,631,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Stanley increased its stake in Mizuho Financial Group by 5.7% during the fourth quarter. Morgan Stanley now owns 59,084,500 shares of the bank’s stock worth $432,499,000 after purchasing an additional 3,166,984 shares during the period. Natixis Advisors LLC grew its stake in shares of Mizuho Financial Group by 590.7% during the fourth quarter. Natixis Advisors LLC now owns 16,560,891 shares of the bank’s stock worth $121,226,000 after purchasing an additional 14,163,328 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Mizuho Financial Group by 11.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 16,266,878 shares of the bank’s stock worth $119,074,000 after acquiring an additional 1,716,932 shares in the last quarter. Bank of America Corp DE increased its stake in Mizuho Financial Group by 1.7% in the third quarter. Bank of America Corp DE now owns 12,602,417 shares of the bank’s stock valued at $84,436,000 after purchasing an additional 216,330 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Mizuho Financial Group by 1.7% in the 3rd quarter. Northern Trust Corp now owns 10,314,793 shares of the bank’s stock valued at $69,109,000 after buying an additional 167,604 shares during the last quarter. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Mizuho Financial Group in a research 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Mizuho Financial Group Trading Up 5.4%

Shares of Mizuho Financial Group stock opened at $10.34 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $127.65 billion, a P/E ratio of 13.60, a P/E/G ratio of 0.80 and a beta of 0.46. Mizuho Financial Group, Inc. has a 1 year low of $5.74 and a 1 year high of $10.78. The business has a 50 day moving average price of $9.88 and a 200 day moving average price of $9.03.

Mizuho Financial Group Company 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.