Quadrant Capital Group LLC Buys 156,042 Shares of Mizuho Financial Group, Inc. $MFG

Quadrant Capital Group LLC increased its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 36.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 588,049 shares of the bank’s stock after buying an additional 156,042 shares during the quarter. Quadrant Capital Group LLC’s holdings in Mizuho Financial Group were worth $4,305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. lifted its position in shares of Mizuho Financial Group by 351.5% during the 4th 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 period. Bessemer Group Inc. lifted its position in shares of Mizuho Financial Group by 38.6% during the 3rd quarter. Bessemer Group Inc. now owns 7,901 shares of the bank’s stock worth $54,000 after buying an additional 2,201 shares during the period. Fifth Third Bancorp lifted its position in shares of Mizuho Financial Group by 45.2% during the 4th quarter. Fifth Third Bancorp now owns 8,239 shares of the bank’s stock worth $60,000 after buying an additional 2,565 shares during the period. Brighton Jones LLC lifted its position in shares of Mizuho Financial Group by 19.3% during the 4th quarter. Brighton Jones LLC now owns 12,343 shares of the bank’s stock worth $60,000 after buying an additional 1,998 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of Mizuho Financial Group by 22.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 9,150 shares of the bank’s stock worth $63,000 after buying an additional 1,704 shares during the period. Institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Stock Performance

Shares of MFG opened at $9.68 on Friday. The stock has a fifty day moving average price of $8.83 and a two-hundred day moving average price of $8.36. Mizuho Financial Group, Inc. has a 52-week low of $5.35 and a 52-week high of $10.28. The company has a market cap of $119.49 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 0.60 and a beta of 0.45.

Wall Street Analyst Weigh In

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