XY Capital Ltd Invests $2.90 Million in Mizuho Financial Group, Inc. $MFG

XY Capital Ltd purchased a new stake in Mizuho Financial Group, Inc. (NYSE:MFG) in the 1st quarter, Holdings Channel reports. The fund purchased 365,039 shares of the bank’s stock, valued at approximately $2,898,000. Mizuho Financial Group makes up 2.9% of XY Capital Ltd’s holdings, making the stock its 11th biggest position.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its position in Mizuho Financial Group by 19.3% in the fourth quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock worth $60,000 after acquiring an additional 1,998 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Mizuho Financial Group by 29.3% in the first quarter. AQR Capital Management LLC now owns 392,998 shares of the bank’s stock valued at $2,165,000 after acquiring an additional 89,095 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Mizuho Financial Group by 0.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,508,417 shares of the bank’s stock worth $79,941,000 after purchasing an additional 57,806 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Mizuho Financial Group by 129.0% during the 1st quarter. Focus Partners Wealth now owns 51,966 shares of the bank’s stock worth $286,000 after purchasing an additional 29,273 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Mizuho Financial Group by 89.6% during the 1st quarter. Acadian Asset Management LLC now owns 13,663 shares of the bank’s stock worth $74,000 after purchasing an additional 6,455 shares during the period. 3.26% of the stock is currently owned by hedge funds and other institutional investors.

Mizuho Financial Group Price Performance

Shares of NYSE:MFG opened at $10.36 on Wednesday. The firm has a market capitalization of $127.89 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 0.80 and a beta of 0.46. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50 day simple moving average is $9.66 and its 200-day simple moving average is $8.90. Mizuho Financial Group, Inc. has a 12 month low of $5.69 and a 12 month high of $10.78.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of Mizuho Financial Group in a report on Friday, May 1st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Mizuho Financial Group 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.