Entropy Technologies LP Buys Shares of 81,374 Mizuho Financial Group, Inc. $MFG

Entropy Technologies LP acquired a new position in shares of Mizuho Financial Group, Inc. (NYSE:MFG) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 81,374 shares of the bank’s stock, valued at approximately $646,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust raised its holdings in Mizuho Financial Group by 72.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock valued at $32,000 after buying an additional 1,825 shares during the period. Brown Brothers Harriman & Co. boosted its position in Mizuho Financial Group by 351.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 4,524 shares of the bank’s stock valued at $33,000 after buying an additional 3,522 shares during the period. V Square Quantitative Management LLC purchased a new position in Mizuho Financial Group in the first quarter valued at $34,000. Kestra Advisory Services LLC acquired a new position in shares of Mizuho Financial Group during the fourth quarter worth about $49,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Mizuho Financial Group during the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Mizuho Financial Group Trading Down 2.8%

MFG opened at $9.80 on Thursday. The firm has a market cap of $121.10 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 0.82 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’s 50 day moving average is $9.86 and its two-hundred day moving average is $9.02. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.82.

Analyst Ratings Changes

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