Quantinno Capital Management LP Purchases 1,076,717 Shares of Mizuho Financial Group, Inc. $MFG

Quantinno Capital Management LP increased its position in Mizuho Financial Group, Inc. (NYSE:MFG) by 58.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,906,954 shares of the bank’s stock after acquiring an additional 1,076,717 shares during the quarter. Quantinno Capital Management LP’s holdings in Mizuho Financial Group were worth $23,081,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its holdings in Mizuho Financial Group by 72.9% during 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 last quarter. Brown Brothers Harriman & Co. boosted its position in 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 purchasing an additional 3,522 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Mizuho Financial Group in the first quarter worth about $34,000. Kestra Advisory Services LLC purchased a new position in shares of Mizuho Financial Group in the fourth quarter worth about $49,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Mizuho Financial Group in the fourth quarter valued at approximately $54,000. 3.26% of the stock is currently owned by institutional investors.

Mizuho Financial Group Stock Up 0.6%

Shares of NYSE MFG opened at $10.41 on Friday. 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 has a market cap of $128.63 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.85 and a beta of 0.46. Mizuho Financial Group, Inc. has a 52 week low of $5.74 and a 52 week high of $10.78. The business has a 50-day simple moving average of $9.90 and a two-hundred day simple moving average of $9.04.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b+)” rating on shares of Mizuho Financial Group in a research note on Wednesday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus 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.