QRG Capital Management Inc. Has $5.32 Million Stock Position in Mizuho Financial Group, Inc. $MFG

QRG Capital Management Inc. lifted its stake in Mizuho Financial Group, Inc. (NYSE:MFG) by 20.0% during the 1st quarter, Holdings Channel reports. The firm owned 669,506 shares of the bank’s stock after acquiring 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 quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HB Wealth Management LLC increased its holdings in Mizuho Financial Group by 12.2% in the first quarter. HB Wealth Management LLC now owns 74,827 shares of the bank’s stock valued at $594,000 after purchasing an additional 8,153 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Mizuho Financial Group by 5.6% during the first quarter. Private Advisor Group LLC now owns 63,267 shares of the bank’s stock worth $502,000 after buying an additional 3,328 shares during the last quarter. Keybank National Association OH grew its position in shares of Mizuho Financial Group by 150.4% during the 1st quarter. Keybank National Association OH now owns 134,795 shares of the bank’s stock worth $1,070,000 after buying an additional 80,971 shares during the period. Mayflower Financial Advisors LLC acquired a new position in shares of Mizuho Financial Group during the 1st quarter worth about $105,000. Finally, Apollon Wealth Management LLC increased its stake in shares of Mizuho Financial Group by 5.1% in the 1st quarter. Apollon Wealth Management LLC now owns 46,117 shares of the bank’s stock valued at $366,000 after acquiring an additional 2,221 shares during the last quarter. 3.26% of the stock is currently owned by institutional investors.

Mizuho Financial Group Trading Up 0.2%

Shares of NYSE MFG opened at $9.96 on Monday. Mizuho Financial Group, Inc. has a twelve month low of $5.39 and a twelve month high of $10.39. The stock has a market cap of $122.95 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 0.62 and a beta of 0.46. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.82. The company’s fifty day moving average is $9.24 and its 200-day moving average is $8.65.

Wall Street Analysts Forecast Growth

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

Mizuho Financial Group Company 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.