574,072 Shares in Mizuho Financial Group, Inc. $MFG Purchased by Calamos Wealth Management LLC

by · The Cerbat Gem

Calamos Wealth Management LLC bought a new position in shares of Mizuho Financial Group, Inc. (NYSE:MFG – Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 574,072 shares of the bank’s stock, valued at approximately $6,343,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MFG. West Financial Advisors LLC bought a new position in Mizuho Financial Group during the 3rd quarter worth about $29,000. Mather Group LLC. grew its stake in shares of Mizuho Financial Group by 768.3% during the 3rd quarter. Mather Group LLC. now owns 3,482 shares of the bank’s stock worth $38,000 after acquiring an additional 3,081 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Mizuho Financial Group in the third quarter valued at approximately $41,000. Grove Bank & Trust acquired a new position in Mizuho Financial Group during the second quarter worth $49,000. Finally, Fifth Third Bancorp increased its stake in Mizuho Financial Group by 16.2% in the 1st quarter. Fifth Third Bancorp now owns 9,577 shares of the bank’s stock valued at $76,000 after buying an additional 1,338 shares during the last quarter. Institutional investors and hedge funds own 3.26% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Mizuho Financial Group from a “buy (a)” rating to a “buy (b+)” rating in a report on Friday, October 23rd. One analyst has rated the stock with a Buy rating. According to MarketBeat, the stock presently has an average rating of “Buy”.

Read Our Latest Stock Report on Mizuho Financial Group

Mizuho Financial Group Stock Performance

MFG traded up $0.01 during trading on Friday, hitting $9.40. The stock had a trading volume of 7,666,178 shares, compared to its average volume of 3,734,738. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $116.16 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 0.62 and a beta of 0.57. The company has a 50 day moving average price of $10.53 and a 200-day moving average price of $9.56. Mizuho Financial Group, Inc. has a one year low of $6.45 and a one year high of $11.49.

About Mizuho Financial Group

(Free Report)

Mizuho Financial Group is a Japan-based financial services holding company headquartered in Tokyo. Its businesses serve individuals, companies, financial institutions and public-sector organizations through banking, trust banking, securities and other financial services.

The group offers services that include deposits, lending, payments, foreign exchange, securities underwriting and trading, investment banking, trust services and asset management. Its main operating companies include Mizuho Bank, Mizuho Trust & Banking and Mizuho Securities.

Mizuho Financial Group was established in 2000 through the integration of three major Japanese financial institutions: Dai-Ichi Kangyo Bank, Fuji Bank and the Industrial Bank of Japan.

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