Zacks Investment Research cut shares of Mizuho Financial Group, Inc. (NYSE:MFG) from a hold rating to a sell rating in a research report sent to investors on Thursday.

According to Zacks, “THE MIZUHO FINANCIAL GROUP is a bank holding company which operates and manages its banks, long-term credit banks, specialized securities companies and other companies which the Company may own by law as its subsidiaries, and engages in business appertaining to the management and operation of such companies. “

Separately, BidaskClub raised Mizuho Financial Group from a strong sell rating to a sell rating in a research note on Wednesday, July 5th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has an average rating of Hold and an average price target of $4.00.

Shares of Mizuho Financial Group (NYSE:MFG) traded down $0.01 on Thursday, reaching $3.67. The company had a trading volume of 146,177 shares, compared to its average volume of 177,931. The company has a market cap of $46,547.05, a P/E ratio of 9.41 and a beta of 1.20. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.85.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barry Investment Advisors LLC increased its position in shares of Mizuho Financial Group by 1.5% during the 2nd quarter. Barry Investment Advisors LLC now owns 194,264 shares of the bank’s stock valued at $713,000 after purchasing an additional 2,944 shares during the last quarter. UBS Group AG increased its position in shares of Mizuho Financial Group by 3.3% during the 1st quarter. UBS Group AG now owns 116,379 shares of the bank’s stock valued at $429,000 after purchasing an additional 3,713 shares during the last quarter. Ballentine Partners LLC increased its position in shares of Mizuho Financial Group by 16.1% during the 2nd quarter. Ballentine Partners LLC now owns 29,478 shares of the bank’s stock valued at $107,000 after purchasing an additional 4,079 shares during the last quarter. Stifel Financial Corp increased its position in shares of Mizuho Financial Group by 7.6% during the 2nd quarter. Stifel Financial Corp now owns 73,836 shares of the bank’s stock valued at $272,000 after purchasing an additional 5,207 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of Mizuho Financial Group by 16.7% during the 2nd quarter. Eagle Asset Management Inc. now owns 54,446 shares of the bank’s stock valued at $199,000 after purchasing an additional 7,776 shares during the last quarter. 0.33% of the stock is currently owned by hedge funds and other institutional investors.

About Mizuho Financial Group

Mizuho Financial Group, Inc (MHFG) is a financial holding company. The Company, through its subsidiaries, provides domestic and international financial services in Japan and other countries. The Company’s segments include MHBK, MHTB, MHSC and Others. The MHBK segment includes Personal Banking; Retail Banking; Corporate Banking (Large Corporations); Corporate Banking; Financial Institutions & Public Sector Business; International Banking, and Trading and others.

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