Zacks Investment Research Downgrades Mizuho Financial Group (NYSE:MFG) to Hold

Zacks Investment Research cut shares of Mizuho Financial Group (NYSE:MFG) from a buy rating to a hold rating in a research note published on Thursday, Zacks.com reports.

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, ValuEngine raised shares of Mizuho Financial Group from a sell rating to a hold rating in a research note on Thursday, June 27th.

Shares of NYSE MFG opened at $2.95 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $37.40 billion, a P/E ratio of 7.02 and a beta of 1.13. Mizuho Financial Group has a 1 year low of $2.66 and a 1 year high of $3.65. The firm has a 50-day simple moving average of $2.91 and a two-hundred day simple moving average of $2.99.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Planning raised its stake in shares of Mizuho Financial Group by 36.5% during the first quarter. Creative Planning now owns 16,241 shares of the bank’s stock valued at $50,000 after acquiring an additional 4,341 shares in the last quarter. Eagle Asset Management Inc. raised its stake in shares of Mizuho Financial Group by 4.8% during the first quarter. Eagle Asset Management Inc. now owns 111,652 shares of the bank’s stock valued at $341,000 after acquiring an additional 5,146 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Mizuho Financial Group by 0.7% during the second quarter. Crossmark Global Holdings Inc. now owns 836,285 shares of the bank’s stock valued at $2,409,000 after acquiring an additional 5,931 shares in the last quarter. Iberiabank Corp raised its stake in shares of Mizuho Financial Group by 44.0% during the first quarter. Iberiabank Corp now owns 21,269 shares of the bank’s stock valued at $65,000 after acquiring an additional 6,496 shares in the last quarter. Finally, Advisor Group Inc. raised its stake in shares of Mizuho Financial Group by 154.4% during the fourth quarter. Advisor Group Inc. now owns 13,501 shares of the bank’s stock valued at $41,000 after acquiring an additional 8,194 shares in the last quarter. 0.41% of the stock is owned by institutional investors and hedge funds.

Mizuho Financial Group Company Profile

Mizuho Financial Group, Inc, together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, and Asia/Oceania. It operates through five segments: Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, and Asset Management Company.

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