292,830 Shares in Mizuho Financial Group Inc. (NYSE:MFG) Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV acquired a new stake in Mizuho Financial Group Inc. (NYSE:MFG) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 292,830 shares of the bank’s stock, valued at approximately $878,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rhumbline Advisers boosted its stake in shares of Mizuho Financial Group by 221.6% during the 3rd 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. boosted its position in shares of Mizuho Financial Group by 103.1% in the third 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 during the last quarter. First Republic Investment Management Inc. acquired a new stake in shares of Mizuho Financial Group in the third quarter worth approximately $280,000. Fulton Bank N.A. acquired a new stake in shares of Mizuho Financial Group in the fourth quarter worth approximately $32,000. Finally, Virtu Financial LLC acquired a new stake in shares of Mizuho Financial Group in the fourth quarter worth approximately $108,000. 0.42% of the stock is owned by hedge funds and other institutional investors.

Shares of MFG traded down $0.06 during midday trading on Thursday, hitting $3.07. 491,776 shares of the stock traded hands, compared to its average volume of 543,451. Mizuho Financial Group Inc. has a 1-year low of $2.92 and a 1-year high of $3.70. The company has a market cap of $40.19 billion, a price-to-earnings ratio of 7.68 and a beta of 1.13.

Separately, Zacks Investment Research raised 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 research report on Saturday, March 9th.

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Mizuho Financial Group Company Profile

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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Institutional Ownership by Quarter for Mizuho Financial Group (NYSE:MFG)

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