Mizuho Financial Group inc. (NYSE:MFG) shares dropped 0.4% during trading on Friday . The stock traded as low as $2.81 and last traded at $2.83, with a volume of 116,360 shares. The stock had previously closed at $2.84.

MFG has been the topic of several analyst reports. Zacks Investment Research upgraded Mizuho Financial Group inc. from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a report on Friday, June 24th. JPMorgan Chase & Co. began coverage on Mizuho Financial Group inc. in a report on Wednesday. They set an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.50.

The firm has a market cap of $35.40 billion and a P/E ratio of 5.42. The stock’s 50-day moving average price is $3.00 and its 200 day moving average price is $3.17.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Mizuho Financial Group inc. by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 934,473 shares of the company’s stock valued at $3,775,000 after buying an additional 12,200 shares during the period. US Bancorp DE increased 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 valued at $6,360,000 after buying an additional 125,809 shares during the period. Bailard Inc. bought a new position in Mizuho Financial Group inc. during the fourth quarter valued at approximately $3,036,000. Finally, Comerica Bank increased 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 valued at $2,571,000 after buying an additional 36,128 shares during the period.

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.

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