Mizuho Financial Group inc. (NYSE:MFG) shares gapped up before the market opened on Tuesday . The stock had previously closed at $3.32, but opened at $3.33. Mizuho Financial Group inc. shares last traded at $3.39, with a volume of 130,937 shares.

Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Mizuho Financial Group inc. from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. JPMorgan Chase & Co. assumed coverage on shares of Mizuho Financial Group inc. in a report on Wednesday, July 6th. They set an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $3.50.

The company’s 50 day moving average is $3.34 and its 200 day moving average is $3.11. The stock has a market capitalization of $42.56 billion, a P/E ratio of 6.83 and a beta of 1.07.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC boosted its position in shares of Mizuho Financial Group inc. by 48.5% in the second quarter. Parametric Portfolio Associates LLC now owns 3,690,524 shares of the company’s stock valued at $10,518,000 after buying an additional 1,205,709 shares in the last quarter. Jefferies Group LLC boosted its position in shares of Mizuho Financial Group inc. by 184.9% in the second quarter. Jefferies Group LLC now owns 1,540,934 shares of the company’s stock valued at $4,392,000 after buying an additional 1,000,000 shares in the last quarter. State Street Corp boosted its position in shares of Mizuho Financial Group inc. by 34.5% in the second quarter. State Street Corp now owns 51,119 shares of the company’s stock valued at $145,000 after buying an additional 13,100 shares in the last quarter. Nuveen Fund Advisors LLC purchased a new position in shares of Mizuho Financial Group inc. during the second quarter valued at about $289,000. Finally, Johnson Investment Counsel Inc. boosted its position in shares of Mizuho Financial Group inc. by 6.1% in the second quarter. Johnson Investment Counsel Inc. now owns 58,040 shares of the company’s stock valued at $165,000 after buying an additional 3,361 shares in the last quarter. Hedge funds and other institutional investors own 0.27% of the company’s stock.

Mizuho Financial Group inc. Company Profile

Mizuho Financial Group, Inc is a provider of domestic and international financial services in Japan and other countries. The Company is engaged in banking, trust banking, securities and other businesses related to financial services through its subsidiaries and affiliates. The Company has four segments: Mizuho Bank, Ltd., which offers a range of financial products and services in relation to deposits, lending and exchange settlement to individuals, small and medium enterprises, large corporations, financial institutions, public sector entities and foreign corporations, including foreign subsidiaries of Japanese corporations; Mizuho Trust & Banking Co, Ltd., which offers trust-related products and consulting services; Mizuho Securities Co, Ltd., which offers securities services to corporations, financial institutions, public sector entities and individuals, and Others, which include Trust & Custody Services Bank, Ltd., Mizuho Capital Co, Ltd.

5 Day Chart for NYSE:MFG

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