919,208 Shares in Mizuho Financial Group, Inc. $MFG Acquired by WCM Investment Management LLC

WCM Investment Management LLC bought a new stake in Mizuho Financial Group, Inc. (NYSE:MFG) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 919,208 shares of the bank’s stock, valued at approximately $7,014,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in Mizuho Financial Group during the first quarter worth $34,000. Parkside Financial Bank & Trust grew its stake in shares of 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 buying an additional 1,825 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Mizuho Financial Group by 351.5% in the fourth 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 in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Mizuho Financial Group in the 4th quarter valued at $49,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Mizuho Financial Group during the 4th quarter worth about $54,000. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Analyst Ratings Changes

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

Mizuho Financial Group Price Performance

Mizuho Financial Group stock opened at $9.86 on Tuesday. The firm has a market cap of $121.72 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 0.81 and a beta of 0.46. Mizuho Financial Group, Inc. has a 52-week low of $5.58 and a 52-week high of $10.78. 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’s 50 day moving average is $9.63 and its two-hundred day moving average is $8.88.

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.