Mizuho Financial Group inc. (NYSE:MFG) shares rose 6.4% during mid-day trading on Friday . The stock traded as high as $3.21 and last traded at $3.17, with a volume of 256,592 shares trading hands. The stock had previously closed at $2.98.

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

The company has a market capitalization of $39.91 billion and a PE ratio of 6.38. The firm’s 50 day moving average is $2.98 and its 200-day moving average is $3.08.

Other hedge funds have added to or reduced their stakes in the company. Bailard Inc. acquired a new stake in Mizuho Financial Group inc. during the fourth quarter worth approximately $3,036,000. US Bancorp DE increased its stake 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 worth $6,360,000 after buying an additional 125,809 shares during the last quarter. Comerica Bank increased its stake in 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 during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake 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 worth $3,775,000 after buying an additional 12,200 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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