Mizuho Financial Group inc. (NYSE:MFG)’s share price 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 changing hands.

Several research firms recently weighed in on MFG. JPMorgan Chase & Co. began coverage on shares of Mizuho Financial Group inc. in a research note on Wednesday, July 6th. They issued an “overweight” rating for the company. Zacks Investment Research raised shares of 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 note on Friday, June 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $3.50.

The company has a 50-day moving average price of $2.99 and a 200-day moving average price of $3.13. The company has a market capitalization of $38.91 billion and a PE ratio of 6.03.

Other institutional investors have modified their holdings of the company. 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 period. Bailard Inc. acquired a new position in shares of Mizuho Financial Group inc. during the fourth quarter valued at about $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 period. Finally, 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 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.

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.