QRG Capital Management Inc. Buys 111,660 Shares of Mizuho Financial Group, Inc. $MFG

QRG Capital Management Inc. lifted its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 20.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 669,506 shares of the bank’s stock after purchasing an additional 111,660 shares during the period. QRG Capital Management Inc.’s holdings in Mizuho Financial Group were worth $5,316,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MFG. Parkside Financial Bank & Trust raised its position in Mizuho Financial Group by 72.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock worth $32,000 after purchasing an additional 1,825 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Mizuho Financial Group by 351.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 4,524 shares of the bank’s stock worth $33,000 after buying an additional 3,522 shares in the last quarter. Kestra Advisory Services LLC bought a new position in Mizuho Financial Group in the 4th quarter valued at $49,000. Caitong International Asset Management Co. Ltd bought a new position in Mizuho Financial Group in the 4th quarter valued at $54,000. Finally, Fifth Third Bancorp increased its stake in shares of Mizuho Financial Group by 45.2% in the 4th quarter. Fifth Third Bancorp now owns 8,239 shares of the bank’s stock valued at $60,000 after buying an additional 2,565 shares during the period. 3.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b+)” rating on shares of Mizuho Financial Group in a research report on Friday, May 1st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Mizuho Financial Group Stock Performance

Mizuho Financial Group stock opened at $9.96 on Monday. The company has a market cap of $122.95 billion, a PE ratio of 13.10, a PEG ratio of 0.62 and a beta of 0.46. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.82. Mizuho Financial Group, Inc. has a 1 year low of $5.39 and a 1 year high of $10.39. The company’s 50-day moving average is $9.24 and its two-hundred day moving average is $8.65.

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.