Mizuho Financial Group inc. (NYSE:MFG) shot up 1.9% during trading on Wednesday . The stock traded as high as $3.30 and last traded at $3.30, with a volume of 64,759 shares trading hands. The stock had previously closed at $3.24.

Several research firms recently commented on MFG. JPMorgan Chase & Co. began coverage on shares of Mizuho Financial Group inc. in a research report on Wednesday, July 6th. They issued 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 price target on the stock in a research note on Friday, June 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. 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 $3.09 and a 200-day moving average of $3.04. The stock has a market cap of $41.43 billion and a P/E ratio of 6.57.

A hedge fund recently raised its stake in Mizuho Financial Group inc. stock. Dimensional Fund Advisors LP increased its stake in Mizuho Financial Group inc. (NYSE:MFG) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 as of its most recent SEC filing.

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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