Mizuho Financial Group inc. (NYSE:MFG)’s share price gapped up prior to trading on Monday . The stock had previously closed at $3.16, but opened at $3.19. Mizuho Financial Group inc. shares last traded at $3.28, with a volume of 132,708 shares.

MFG has been the topic of a number of research reports. JPMorgan Chase & Co. initiated coverage on shares of Mizuho Financial Group inc. in a report on Wednesday, July 6th. They set 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 target price on the stock in a report on Friday, June 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $3.50.

The stock has a market cap of $41.03 billion and a price-to-earnings ratio of 6.51. The firm’s 50 day moving average price is $2.99 and its 200 day moving average price is $3.06.

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

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