Mizuho Financial Group inc. (MFG) Trading Up 4.8%
Shares of Mizuho Financial Group inc. (NYSE:MFG) were up 4.8% on Tuesday . The company traded as high as $3.07 and last traded at $3.06, with a volume of 574,882 shares changing hands. The stock had previously closed at $2.92.
A number of analysts have recently weighed in on MFG shares. JPMorgan Chase & Co. started coverage on shares of Mizuho Financial Group inc. in a report on Wednesday, July 6th. They issued an “overweight” rating on the stock. Zacks Investment Research upgraded shares of Mizuho Financial Group inc. from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a report on Friday, June 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Mizuho Financial Group inc. currently has a consensus rating of “Hold” and a consensus price target of $3.50.
The company has a market capitalization of $38.28 billion and a PE ratio of 5.84. The company’s 50-day moving average is $2.99 and its 200 day moving average is $3.14.
A number of hedge funds recently modified their holdings of MFG. Comerica Bank raised its stake in shares of 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. Bailard Inc. bought a new stake in shares of Mizuho Financial Group inc. during the fourth quarter valued at about $3,036,000. Dimensional Fund Advisors LP raised its stake in shares of 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. Finally, US Bancorp DE raised its stake in shares of 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.
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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