Shares of Mizuho Financial Group inc. (NYSE:MFG) shot up 5.9% during trading on Wednesday . The company traded as high as $3.62 and last traded at $3.59, with a volume of 182,394 shares changing hands. The stock had previously closed at $3.39.

A number of research firms recently commented on MFG. JPMorgan Chase & Co. began coverage on Mizuho Financial Group inc. in a research report on Wednesday, July 6th. They set an “overweight” rating for the company. Zacks Investment Research upgraded Mizuho Financial Group inc. from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research report on Friday, June 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.50.

The company has a market capitalization of $45.70 billion, a price-to-earnings ratio of 7.34 and a beta of 1.07. The company has a 50 day moving average price of $3.34 and a 200 day moving average price of $3.11.

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Several hedge funds have recently bought and sold shares of the company. Morningstar Investment Services LLC acquired a new stake in Mizuho Financial Group inc. during the second quarter worth $104,000. State Street Corp boosted its stake in Mizuho Financial Group inc. by 34.5% in the second quarter. State Street Corp now owns 51,119 shares of the company’s stock worth $145,000 after buying an additional 13,100 shares during the last quarter. Johnson Investment Counsel Inc. boosted its stake in 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 worth $165,000 after buying an additional 3,361 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Mizuho Financial Group inc. by 15.5% in the first quarter. Envestnet Asset Management Inc. now owns 56,367 shares of the company’s stock worth $166,000 after buying an additional 7,557 shares during the last quarter. Finally, BTC Capital Management Inc. boosted its stake in Mizuho Financial Group inc. by 19.4% in the first quarter. BTC Capital Management Inc. now owns 66,637 shares of the company’s stock worth $197,000 after buying an additional 10,826 shares during the last quarter. 0.27% of the stock is owned by hedge funds and other institutional investors.

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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