Keybank National Association OH Increases Stock Position in Mizuho Financial Group, Inc. $MFG

Keybank National Association OH boosted its holdings in Mizuho Financial Group, Inc. (NYSE:MFG) by 150.4% in the 1st quarter, Holdings Channel reports. The firm owned 134,795 shares of the bank’s stock after purchasing an additional 80,971 shares during the period. Keybank National Association OH’s holdings in Mizuho Financial Group were worth $1,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Parkside Financial Bank & Trust grew its position 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 worth $32,000 after purchasing an additional 1,825 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings 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 buying an additional 3,522 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Mizuho Financial Group during the fourth quarter worth about $49,000. Caitong International Asset Management Co. Ltd acquired a new position in Mizuho Financial Group in the 4th quarter valued at about $54,000. Finally, Fifth Third Bancorp increased its position in 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 acquiring an additional 2,565 shares during the period. Institutional investors and hedge funds own 3.26% of the company’s stock.

Mizuho Financial Group Stock Down 1.7%

Shares of NYSE MFG opened at $10.18 on Wednesday. The stock has a market capitalization of $125.67 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 0.63 and a beta of 0.46. Mizuho Financial Group, Inc. has a 52 week low of $5.40 and a 52 week high of $10.39. The firm has a 50-day moving average price of $9.32 and a 200 day moving average price of $8.69. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.82.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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 assigned a Hold rating to the stock. According to MarketBeat, the stock currently 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.