Mizuho Financial Group inc. (NYSE:MFG) shares saw strong trading volume on Wednesday . 629,550 shares were traded during mid-day trading, an increase of 6% from the previous session’s volume of 594,644 shares.The stock last traded at $2.86 and had previously closed at $2.81.

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Mizuho Financial Group inc. in a research report on Wednesday. They issued an “overweight” rating for the company. Zacks Investment Research upgraded Mizuho Financial Group inc. from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a research report on Friday, June 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $3.50.

The company has a market capitalization of $35.40 billion and a price-to-earnings ratio of 5.53. The firm’s 50-day moving average price is $3.01 and its 200-day moving average price is $3.18.

A number of hedge funds and institutional investors have bought and sold shares of the stock. US Bancorp DE boosted its position in Mizuho Financial Group inc. by 8.7% in the fourth quarter. US Bancorp DE now owns 1,573,973 shares of the company’s stock worth $6,360,000 after buying an additional 125,809 shares during the last quarter. Bailard Inc. acquired a new position in Mizuho Financial Group inc. during the fourth quarter worth about $3,036,000. Finally, Comerica Bank boosted its position in Mizuho Financial Group inc. by 5.7% in the fourth quarter. Comerica Bank now owns 667,908 shares of the company’s stock worth $2,571,000 after buying an additional 36,128 shares during the last quarter.

Mizuho Financial Group, Inc is a provider of domestic and international financial services in Japan and other countries. The Company is engaged in banking, trust banking, securities and other businesses related to financial services through its subsidiaries and affiliates. The Company has four segments: Mizuho Bank, Ltd., which offers a range of financial products and services in relation to deposits, lending and exchange settlement to individuals, small and medium enterprises, large corporations, financial institutions, public sector entities and foreign corporations, including foreign subsidiaries of Japanese corporations; Mizuho Trust & Banking Co, Ltd., which offers trust-related products and consulting services; Mizuho Securities Co, Ltd., which offers securities services to corporations, financial institutions, public sector entities and individuals, and Others, which include Trust & Custody Services Bank, Ltd., Mizuho Capital Co, Ltd.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.