ABC Arbitrage SA Makes New $535,000 Investment in Mizuho Financial Group, Inc. $MFG

ABC Arbitrage SA bought a new position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) during the first quarter, Holdings Channel.com reports. The firm bought 67,361 shares of the bank’s stock, valued at approximately $535,000.

Several other large investors have also recently bought and sold shares of MFG. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Mizuho Financial Group by 31.2% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 37,984 shares of the bank’s stock worth $302,000 after buying an additional 9,031 shares during the period. Bleakley Financial Group LLC boosted its position in shares of Mizuho Financial Group by 12.7% during the first quarter. Bleakley Financial Group LLC now owns 65,620 shares of the bank’s stock worth $521,000 after purchasing an additional 7,414 shares in the last quarter. Diversify Wealth Management LLC bought a new position in shares of Mizuho Financial Group during the first quarter worth $122,000. Fifth Third Bancorp grew its holdings in shares of 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 period. Finally, Simplicity Wealth LLC acquired a new position in shares of Mizuho Financial Group in the 1st quarter valued at $92,000. Institutional investors and hedge funds own 3.26% of the company’s stock.

Mizuho Financial Group Stock Performance

Shares of NYSE MFG opened at $10.49 on Tuesday. The stock has a market capitalization of $129.62 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 0.63 and a beta of 0.46. 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 $5.45 and a 52 week high of $10.59. The stock has a 50 day moving average price of $9.48 and a 200 day moving average price of $8.78.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Mizuho Financial Group in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Mizuho Financial Group presently has a consensus rating of “Moderate Buy”.

About Mizuho Financial Group

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.