Entropy Technologies LP Invests $646,000 in Mizuho Financial Group, Inc. $MFG

Entropy Technologies LP bought a new stake in Mizuho Financial Group, Inc. (NYSE:MFG) during the 1st quarter, HoldingsChannel reports. The fund bought 81,374 shares of the bank’s stock, valued at approximately $646,000.

Other hedge funds have also modified their holdings of the company. Natixis Advisors LLC boosted its stake in shares of Mizuho Financial Group by 590.7% in the fourth quarter. Natixis Advisors LLC now owns 16,560,891 shares of the bank’s stock valued at $121,226,000 after buying an additional 14,163,328 shares in the last quarter. Morgan Stanley lifted its holdings in Mizuho Financial Group by 5.7% in the fourth quarter. Morgan Stanley now owns 59,084,500 shares of the bank’s stock valued at $432,499,000 after acquiring an additional 3,166,984 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Mizuho Financial Group by 11.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 16,266,878 shares of the bank’s stock worth $119,074,000 after purchasing an additional 1,716,932 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Mizuho Financial Group during the 4th quarter worth $11,335,000. Finally, WCM Investment Management LLC acquired a new position in shares of Mizuho Financial Group during the 1st quarter worth $7,014,000. 3.26% of the stock is owned by institutional investors and hedge funds.

Mizuho Financial Group Stock Performance

MFG opened at $9.80 on Thursday. Mizuho Financial Group, Inc. has a 1-year low of $5.74 and a 1-year high of $10.78. The stock has a market cap of $121.10 billion, a P/E ratio of 12.90, a P/E/G ratio of 0.82 and a beta of 0.46. The stock’s 50 day simple moving average is $9.86 and its 200 day simple moving average is $9.02. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.98 and a quick ratio of 0.98.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b+)” rating on shares of Mizuho Financial Group in a report on Friday, May 1st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Mizuho Financial Group currently 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.