Mizuho Financial Group, Inc. (NYSE:MFG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “THE MIZUHO FINANCIAL GROUP is a bank holding company which operates and manages its banks, long-term credit banks, specialized securities companies and other companies which the Company may own by law as its subsidiaries, and engages in business appertaining to the management and operation of such companies. “

Several other brokerages have also recently weighed in on MFG. BidaskClub upgraded shares of Mizuho Financial Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. J P Morgan Chase & Co cut shares of Mizuho Financial Group from an “overweight” rating to a “neutral” rating in a research note on Friday, June 2nd. Finally, UBS AG upgraded shares of Mizuho Financial Group from a “sell” rating to a “neutral” rating in a research note on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has a consensus rating of “Hold”.

Mizuho Financial Group (MFG) traded down 0.58% during trading on Wednesday, reaching $3.42. The company had a trading volume of 181,206 shares. The firm has a 50-day moving average price of $3.54 and a 200 day moving average price of $3.63. The stock has a market cap of $43.38 billion, a P/E ratio of 8.10 and a beta of 1.17. Mizuho Financial Group has a 12-month low of $3.17 and a 12-month high of $3.87.

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A number of hedge funds have recently modified their holdings of the company. Proficio Capital Partners purchased a new position in shares of Mizuho Financial Group during the fourth quarter valued at approximately $28,000. Barry Investment Advisors LLC boosted its position in shares of Mizuho Financial Group by 0.6% in the fourth quarter. Barry Investment Advisors LLC now owns 330,374 shares of the bank’s stock valued at $1,335,000 after buying an additional 2,045 shares during the last quarter. Accident Compensation Corp purchased a new position in shares of Mizuho Financial Group during the fourth quarter valued at approximately $1,044,000. World Asset Management Inc boosted its position in shares of Mizuho Financial Group by 2.4% in the fourth quarter. World Asset Management Inc now owns 653,362 shares of the bank’s stock valued at $2,640,000 after buying an additional 15,183 shares during the last quarter. Finally, OLD Mission Capital LLC purchased a new position in shares of Mizuho Financial Group during the first quarter valued at approximately $915,000. Institutional investors and hedge funds own 0.30% of the company’s stock.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc (MHFG) is a financial holding company. The Company, through its subsidiaries, provides domestic and international financial services in Japan and other countries. The Company’s segments include MHBK, MHTB, MHSC and Others. The MHBK segment includes Personal Banking; Retail Banking; Corporate Banking (Large Corporations); Corporate Banking; Financial Institutions & Public Sector Business; International Banking, and Trading and others.

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