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

Keybank National Association OH lifted its stake in shares of Mizuho Financial Group, Inc. (NYSE:MFG) by 150.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,795 shares of the bank’s stock after acquiring an additional 80,971 shares during the quarter. 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.

Other hedge funds have also modified their holdings of the company. Parkside Financial Bank & Trust boosted its holdings in Mizuho Financial Group by 72.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,825 shares during the period. Brown Brothers Harriman & Co. increased its stake 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 period. Kestra Advisory Services LLC acquired a new stake in Mizuho Financial Group in the fourth quarter valued at approximately $49,000. Caitong International Asset Management Co. Ltd acquired a new stake in Mizuho Financial Group in the fourth quarter valued at approximately $54,000. Finally, Fifth Third Bancorp lifted its stake in Mizuho Financial Group by 45.2% in the fourth quarter. Fifth Third Bancorp now owns 8,239 shares of the bank’s stock worth $60,000 after acquiring an additional 2,565 shares during the last quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of Mizuho Financial Group in a 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Mizuho Financial Group Price Performance

Shares of NYSE:MFG opened at $10.18 on Wednesday. Mizuho Financial Group, Inc. has a 12 month low of $5.40 and a 12 month high of $10.39. The firm has a market capitalization of $125.67 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.63 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 company’s fifty day moving average price is $9.32 and its 200 day moving average price is $8.69.

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.