M&T Bank Corp Has $521,000 Holdings in Mizuho Financial Group, Inc. $MFG

Key Points

• M&T Bank Corp cut its stake in Mizuho Financial Group by 79% in Q4, selling 267,504 shares and ending the quarter with 71,221 shares worth about $521,000 per its SEC filing.
• Other institutions were adding to Mizuho: Goldman Sachs holds 14,508,417 shares (~$79.9M) while AQR and several wealth managers increased positions, though only about 3.26% of the stock is reported as owned by institutional investors and hedge funds.
• Mizuho reported a quarterly EPS of $0.16 (beating the $0.14 estimate) and, despite that beat, Weiss Ratings downgraded the name from "buy (a-)" to "buy (b+)," leaving the consensus as a "Moderate Buy"; the stock trades near $8.51 with a P/E of 14.92 and a market cap of $105.7B.

M&T Bank Corp cut its holdings in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 79.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,221 shares of the bank's stock after selling 267,504 shares during the quarter. M&T Bank Corp's holdings in Mizuho Financial Group were worth $521,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Mizuho Financial Group by 19.3% during the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank's stock worth $60,000 after purchasing an additional 1,998 shares during the period. AQR Capital Management LLC grew its holdings in Mizuho Financial Group by 29.3% during the first quarter. AQR Capital Management LLC now owns 392,998 shares of the bank's stock worth $2,165,000 after buying an additional 89,095 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Mizuho Financial Group by 0.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,508,417 shares of the bank's stock valued at $79,941,000 after purchasing an additional 57,806 shares during the period. Focus Partners Wealth grew its stake in Mizuho Financial Group by 129.0% in the 1st quarter. Focus Partners Wealth now owns 51,966 shares of the bank's stock valued at $286,000 after purchasing an additional 29,273 shares during the period. Finally, Acadian Asset Management LLC grew its stake in Mizuho Financial Group by 89.6% in the 1st quarter. Acadian Asset Management LLC now owns 13,663 shares of the bank's stock valued at $74,000 after purchasing an additional 6,455 shares during the period. 3.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Mizuho Financial Group from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Mizuho Financial Group currently has an average rating of "Moderate Buy".

Mizuho Financial Group Stock Down 1.1%

NYSE:MFG opened at $8.51 on Friday. The business's 50-day moving average price is $8.29 and its two-hundred day moving average price is $7.85. Mizuho Financial Group, Inc. has a twelve month low of $4.77 and a twelve month high of $10.28. The stock has a market cap of $105.70 billion, a P/E ratio of 14.92, a PEG ratio of 0.61 and a beta of 0.46.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last released its quarterly earnings results on Monday, February 2nd. The bank reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Mizuho Financial Group had a return on equity of 9.23% and a net margin of 12.31%.The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $5.58 billion. On average, equities research analysts expect that Mizuho Financial Group, Inc. will post 0.62 EPS for the current fiscal year.

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.

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