Mizuho Financial Group inc. (MFG) Sees Strong Trading Volume
Shares of Mizuho Financial Group inc. (NYSE:MFG) saw unusually-strong trading volume on Friday . Approximately 334,104 shares were traded during mid-day trading, an increase of 68% from the previous session’s volume of 199,120 shares.The stock last traded at $3.32 and had previously closed at $3.34.
A number of equities research analysts have commented 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 target price for the company in a research report on Friday, June 24th. JPMorgan Chase & Co. started coverage on shares of 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, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $3.50.
The firm has a 50-day moving average of $3.17 and a 200 day moving average of $3.05. The firm has a market cap of $41.68 billion and a price-to-earnings ratio of 6.54.
A hedge fund recently raised its stake in Mizuho Financial Group inc. stock. Dimensional Fund Advisors LP raised its stake in Mizuho Financial Group inc. (NYSE:MFG) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 934,473 shares of the company’s stock after buying an additional 12,200 shares during the period. Dimensional Fund Advisors LP’s holdings in Mizuho Financial Group inc. were worth $3,775,000 at the end of the most recent 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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