Mizuho Financial Group, Inc. (NYSE:MFG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $4.00 price target on the bank’s stock. Zacks Investment Research‘s target price suggests a potential upside of 12.99% from the stock’s current price.

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. “

MFG has been the topic of a number of other research reports. BidaskClub raised Mizuho Financial Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. UBS AG upgraded Mizuho Financial Group from a “sell” rating to a “neutral” rating in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $4.00.

Mizuho Financial Group (MFG) opened at 3.54 on Wednesday. The company’s 50-day moving average price is $3.47 and its 200-day moving average price is $3.58. The stock has a market cap of $44.90 billion, a P/E ratio of 8.27 and a beta of 1.20. Mizuho Financial Group has a 1-year low of $3.17 and a 1-year high of $3.87.

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Several large investors have recently modified their holdings of MFG. Royal Bank of Canada raised its holdings in shares of Mizuho Financial Group by 490,920.8% during the second quarter. Royal Bank of Canada now owns 2,096,659 shares of the bank’s stock worth $7,696,000 after purchasing an additional 2,096,232 shares during the period. Parametric Portfolio Associates LLC lifted its position in shares of Mizuho Financial Group by 15.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 7,047,574 shares of the bank’s stock worth $25,865,000 after buying an additional 932,408 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Mizuho Financial Group by 13.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,677,878 shares of the bank’s stock worth $9,881,000 after buying an additional 314,712 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Mizuho Financial Group by 8.0% in the 2nd quarter. Aperio Group LLC now owns 3,472,230 shares of the bank’s stock valued at $12,743,000 after buying an additional 258,169 shares during the period. Finally, Gradient Investments LLC boosted its holdings in shares of Mizuho Financial Group by 200.2% in the 2nd quarter. Gradient Investments LLC now owns 208,131 shares of the bank’s stock valued at $764,000 after buying an additional 138,796 shares during the period. 0.33% of the stock is currently owned by institutional investors.

About Mizuho Financial Group

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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