LPL Financial LLC purchased a new position in Mizuho Financial Group Inc. (NYSE:MFG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 102,890 shares of the bank’s stock, valued at approximately $309,000.
A number of other large investors have also modified their holdings of the business. Rhumbline Advisers grew its holdings in shares of Mizuho Financial Group by 221.6% in the third quarter. Rhumbline Advisers now owns 69,734 shares of the bank’s stock worth $244,000 after purchasing an additional 48,048 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Mizuho Financial Group by 103.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 126,046 shares of the bank’s stock worth $441,000 after acquiring an additional 63,989 shares in the last quarter. First Republic Investment Management Inc. bought a new position in Mizuho Financial Group during the 3rd quarter worth about $280,000. Fulton Bank N.A. bought a new position in Mizuho Financial Group during the 4th quarter worth about $32,000. Finally, Virtu Financial LLC bought a new position in Mizuho Financial Group during the 4th quarter worth about $108,000. 0.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mizuho Financial Group stock opened at $3.12 on Tuesday. Mizuho Financial Group Inc. has a 1 year low of $2.92 and a 1 year high of $3.70. The stock has a market cap of $39.56 billion, a price-to-earnings ratio of 7.80 and a beta of 1.13.
Separately, Zacks Investment Research upgraded shares of Mizuho Financial Group from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a report on Saturday, March 9th.
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About Mizuho Financial Group
Mizuho Financial Group, Inc, together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, and Asia/Oceania. It operates through five segments: Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, and Asset Management Company.
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