Mizuho Financial Group inc. (MFG) Shares Down 0.4%
Mizuho Financial Group inc. (NYSE:MFG)’s share price dropped 0.4% during mid-day trading on Friday . The company traded as low as $2.81 and last traded at $2.83, with a volume of 116,360 shares changing hands. The stock had previously closed at $2.84.
MFG has been the subject of a number of recent research reports. JPMorgan Chase & Co. started coverage on shares of Mizuho Financial Group inc. in a research note on Wednesday. They issued an “overweight” rating for the company. 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 for the company in a research report on Friday, June 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $3.50.
The stock has a market capitalization of $35.40 billion and a price-to-earnings ratio of 5.48. The stock has a 50 day moving average price of $3.00 and a 200 day moving average price of $3.17.
A number of institutional investors recently added to or reduced their stakes in MFG. Comerica Bank boosted its position 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 period. Bailard Inc. bought a new position in Mizuho Financial Group inc. during the fourth quarter worth approximately $3,036,000. Dimensional Fund Advisors LP boosted its position 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 period. Finally, US Bancorp DE boosted its position 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 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.
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