Mizuho Financial Group inc. (NYSE:MFG) rose 4.8% during trading on Tuesday . The stock traded as high as $3.07 and last traded at $3.06, with a volume of 574,882 shares. The stock had previously closed at $2.92.

MFG has been the subject of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Mizuho Financial Group inc. in a research report on Wednesday, July 6th. 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 objective 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 issued a buy rating to the stock. Mizuho Financial Group inc. presently has a consensus rating of “Hold” and an average target price of $3.50.

The stock has a market cap of $38.03 billion and a P/E ratio of 5.80. The firm’s 50 day moving average is $2.99 and its 200-day moving average is $3.14.

Several hedge funds and institutional investors have recently modified their holdings of the company. Comerica Bank raised its position 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 last quarter. Bailard Inc. purchased a new position in shares of Mizuho Financial Group inc. during the fourth quarter valued at approximately $3,036,000. Dimensional Fund Advisors LP raised its position 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 last quarter. Finally, US Bancorp DE raised its position 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 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.

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