QRG Capital Management Inc. Purchases 154,210 Shares of Mizuho Financial Group, Inc. $MFG

Key Points

• QRG Capital Management Inc. increased its stake in Mizuho Financial Group by 60.9%, acquiring an additional 154,210 shares during the second quarter, bringing its total holdings to 407,459 shares valued at approximately $2.27 million.
• Several investors, including Empirical Financial Services and HB Wealth Management, also significantly increased their positions in Mizuho Financial Group during the same period, indicating growing institutional interest.
• Mizuho Financial Group's stock has seen mixed analyst ratings, with a current average rating of "Moderate Buy," despite a recent downgrade from a "strong-buy" rating to "hold" by Zacks Research.

QRG Capital Management Inc. grew its position in Mizuho Financial Group, Inc. (NYSE:MFG - Free Report) by 60.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 407,459 shares of the bank's stock after acquiring an additional 154,210 shares during the quarter. QRG Capital Management Inc.'s holdings in Mizuho Financial Group were worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Mizuho Financial Group by 59.7% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 28,853 shares of the bank's stock valued at $160,000 after purchasing an additional 10,785 shares during the last quarter. HB Wealth Management LLC raised its position in shares of Mizuho Financial Group by 22.1% during the 2nd quarter. HB Wealth Management LLC now owns 41,444 shares of the bank's stock valued at $230,000 after buying an additional 7,497 shares in the last quarter. BayBridge Capital Group LLC raised its position in shares of Mizuho Financial Group by 5.9% during the 2nd quarter. BayBridge Capital Group LLC now owns 48,068 shares of the bank's stock valued at $267,000 after buying an additional 2,695 shares in the last quarter. Western Financial Corp CA purchased a new stake in Mizuho Financial Group during the second quarter valued at approximately $77,000. Finally, TD Private Client Wealth LLC bought a new stake in shares of Mizuho Financial Group in the 2nd quarter valued at approximately $63,000. Institutional investors own 3.26% of the company's stock.

Wall Street Analysts Forecast Growth

MFG has been the topic of several analyst reports. Wall Street Zen raised Mizuho Financial Group from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Weiss Ratings reissued a "buy (b+)" rating on shares of Mizuho Financial Group in a research note on Saturday, September 27th. Finally, Zacks Research downgraded shares of Mizuho Financial Group from a "strong-buy" rating to a "hold" rating in a report on Monday, August 25th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Mizuho Financial Group presently has an average rating of "Moderate Buy".

Mizuho Financial Group Stock Performance

MFG stock opened at $6.35 on Wednesday. The business's fifty day simple moving average is $6.49 and its two-hundred day simple moving average is $5.73. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.21. The firm has a market cap of $79.92 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 0.79 and a beta of 0.35. Mizuho Financial Group, Inc. has a twelve month low of $4.04 and a twelve month high of $6.87.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The bank reported $0.15 EPS for the quarter, hitting analysts' consensus estimates of $0.15. The firm had revenue of $5.13 billion for the quarter, compared to analysts' expectations of $5.42 billion. Mizuho Financial Group had a net margin of 10.16% and a return on equity of 8.48%. Analysts predict that Mizuho Financial Group, Inc. will post 0.42 earnings per share for the current year.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc, together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally. It operates through Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, Asset Management Company, and Others segments.

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