Zacks Investment Research upgraded shares of Mizuho Financial Group (NYSE:MFG) from a sell rating to a hold rating in a research note released on Saturday morning.

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, Morgan Stanley downgraded shares of Mizuho Financial Group from an overweight rating to an equal weight rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has an average rating of Hold and an average target price of $4.00.

Mizuho Financial Group (MFG) traded down $0.02 during trading hours on Friday, hitting $3.62. 171,412 shares of the stock traded hands, compared to its average volume of 159,889. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $45,912.89, a P/E ratio of 10.06 and a beta of 1.20. Mizuho Financial Group has a 12-month low of $3.37 and a 12-month high of $3.87.

A number of hedge funds have recently modified their holdings of the business. Parametric Portfolio Associates LLC raised its stake in Mizuho Financial Group by 15.2% during the second quarter. Parametric Portfolio Associates LLC now owns 7,047,574 shares of the bank’s stock worth $25,865,000 after purchasing an additional 932,408 shares during the period. Goldman Sachs Group Inc. raised its stake in Mizuho Financial Group by 6.9% during the second quarter. Goldman Sachs Group Inc. now owns 2,863,837 shares of the bank’s stock worth $10,510,000 after purchasing an additional 185,959 shares during the period. Crossmark Global Holdings Inc. purchased a new position in Mizuho Financial Group during the third quarter worth about $8,895,000. Royal Bank of Canada raised its stake in Mizuho Financial Group by 490,920.8% during the second quarter. Royal Bank of Canada now owns 2,096,659 shares of the bank’s stock worth $7,696,000 after purchasing an additional 2,096,232 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Mizuho Financial Group by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 881,067 shares of the bank’s stock worth $3,251,000 after purchasing an additional 15,975 shares during the period. 0.35% of the stock is currently owned by institutional investors.

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Mizuho Financial Group Company Profile

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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