Mizuho Financial Group (NYSE:MFG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday.

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. “

Separately, Morgan Stanley downgraded shares of Mizuho Financial Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Mizuho Financial Group currently has a consensus rating of “Hold” and a consensus target price of $4.00.

Shares of Mizuho Financial Group (NYSE MFG) opened at $3.62 on Friday. Mizuho Financial Group has a twelve month low of $3.37 and a twelve month high of $3.87. The firm has a market cap of $46,166.55, a PE ratio of 10.11 and a beta of 1.20. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.88.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its position 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 valued at $7,696,000 after purchasing an additional 2,096,232 shares during the period. Goldman Sachs Group Inc. increased its position 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 valued at $10,510,000 after purchasing an additional 185,959 shares during the period. CAPROCK Group Inc. purchased a new position in Mizuho Financial Group during the 2nd quarter valued at about $145,000. Ballentine Partners LLC increased its position in Mizuho Financial Group by 16.1% during the 2nd quarter. Ballentine Partners LLC now owns 29,478 shares of the bank’s stock valued at $107,000 after purchasing an additional 4,079 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Mizuho Financial Group in the 3rd quarter worth approximately $8,895,000. 0.35% of the stock is currently owned by institutional investors and hedge funds.

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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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