Assetmark Inc. Increases Stock Position in Mizuho Financial Group, Inc. $MFG

Assetmark Inc. lifted its holdings in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 63.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 303,778 shares of the bank’s stock after buying an additional 118,129 shares during the quarter. Assetmark Inc.’s holdings in Mizuho Financial Group were worth $2,412,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Parkside Financial Bank & Trust raised its holdings in Mizuho Financial Group by 72.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,825 shares during the period. Brown Brothers Harriman & Co. lifted its position in shares of Mizuho Financial Group by 351.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 4,524 shares of the bank’s stock worth $33,000 after acquiring an additional 3,522 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Mizuho Financial Group in the first quarter worth $34,000. Kestra Advisory Services LLC bought a new position in shares of Mizuho Financial Group in the fourth quarter worth $49,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Mizuho Financial Group in the fourth quarter valued at $54,000. 3.26% of the stock is owned by institutional investors.

Mizuho Financial Group Trading Up 0.7%

Shares of MFG stock opened at $10.57 on Friday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.98 and a current ratio of 0.98. Mizuho Financial Group, Inc. has a 52-week low of $5.74 and a 52-week high of $10.78. The company has a market capitalization of $130.60 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 0.86 and a beta of 0.46. The business’s fifty day moving average is $9.73 and its 200 day moving average is $8.95.

Analysts Set New Price Targets

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

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.