Shares of Mizuho Financial Group inc. (NYSE:MFG) gapped up prior to trading on Friday . The stock had previously closed at $3.04, but opened at $3.06. Mizuho Financial Group inc. shares last traded at $3.10, with a volume of 111,178 shares traded.

A number of analysts have issued reports on MFG shares. Zacks Investment Research raised Mizuho Financial Group inc. from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a research report on Friday, June 24th. JPMorgan Chase & Co. started coverage on Mizuho Financial Group inc. in a research report on Wednesday, July 6th. They issued an “overweight” rating for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $3.50.

The company has a market capitalization of $38.91 billion and a PE ratio of 5.94. The company has a 50-day moving average price of $2.99 and a 200-day moving average price of $3.14.

Several hedge funds recently modified their holdings of MFG. Bailard Inc. bought a new stake in shares of Mizuho Financial Group inc. during the fourth quarter worth approximately $3,036,000. US Bancorp DE boosted 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 worth $6,360,000 after buying an additional 125,809 shares in the last quarter. Comerica Bank boosted 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 worth $2,571,000 after buying an additional 36,128 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted 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 worth $3,775,000 after buying an additional 12,200 shares in 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.