Mizuho Financial Group (MFG) Downgraded by Goldman Sachs Group to “Neutral”

Mizuho Financial Group (NYSE:MFG) was downgraded by research analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a report released on Friday.

Several other research analysts have also recently issued reports on the company. Zacks Investment Research raised Mizuho Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, December 2nd. Morgan Stanley cut Mizuho Financial Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, November 30th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $4.00.

Mizuho Financial Group (NYSE:MFG) traded down $0.10 on Friday, reaching $3.89. The company had a trading volume of 336,600 shares, compared to its average volume of 474,800. Mizuho Financial Group has a 1 year low of $3.37 and a 1 year high of $4.00. The firm has a market cap of $50,605.64, a PE ratio of 9.73 and a beta of 1.20. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.93 and a quick ratio of 0.90.

Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings data on Tuesday, November 28th. The bank reported $0.14 earnings per share (EPS) for the quarter. Mizuho Financial Group had a return on equity of 5.45% and a net margin of 16.12%. equities research analysts anticipate that Mizuho Financial Group will post 0.39 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC lifted its holdings in shares of Mizuho Financial Group by 6.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 7,419,856 shares of the bank’s stock valued at $26,340,000 after purchasing an additional 431,030 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Mizuho Financial Group by 6.9% in 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 last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Mizuho Financial Group in the 3rd quarter valued at about $8,895,000. Royal Bank of Canada lifted its holdings in shares of Mizuho Financial Group by 490,920.8% in 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 last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Mizuho Financial Group by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 275,192 shares of the bank’s stock valued at $1,011,000 after purchasing an additional 9,832 shares during the last quarter. 0.33% of the stock is 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.