Mizuho Financial Group (MFG) Cut to “Equal Weight” at Morgan Stanley

Mizuho Financial Group (NYSE:MFG) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Thursday, Marketbeat reports.

Separately, Zacks Investment Research raised shares of Mizuho Financial Group from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.00.

Shares of Mizuho Financial Group (NYSE:MFG) traded up $0.03 during midday trading on Thursday, reaching $3.65. 245,500 shares of the company traded hands, compared to its average volume of 264,980. The stock has a market cap of $45,912.89, a price-to-earnings ratio of 9.28 and a beta of 1.20. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.90 and a current ratio of 0.93. Mizuho Financial Group has a 12 month low of $3.37 and a 12 month high of $3.87.

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in Mizuho Financial Group by 490,920.8% during the 2nd 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 last quarter. Goldman Sachs Group Inc. boosted its stake in Mizuho Financial Group by 6.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,863,837 shares of the bank’s stock worth $10,510,000 after purchasing an additional 185,959 shares during the last quarter. CAPROCK Group Inc. acquired a new stake in Mizuho Financial Group during the 2nd quarter worth $145,000. Ballentine Partners LLC boosted its stake in Mizuho Financial Group by 16.1% during the 2nd quarter. Ballentine Partners LLC now owns 29,478 shares of the bank’s stock worth $107,000 after purchasing an additional 4,079 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in Mizuho Financial Group during the 3rd quarter worth $8,895,000. 0.35% of the stock is currently owned by institutional investors.

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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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