Mizuho Financial Group (NYSE:MFG) has earned an average rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $4.00.
MFG has been the topic of several research analyst reports. Goldman Sachs lowered Mizuho Financial Group from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th. Zacks Investment Research raised Mizuho Financial Group from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a research report on Thursday, March 29th.
Hedge funds have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd purchased a new position in shares of Mizuho Financial Group in the 3rd quarter valued at approximately $103,000. Lake Street Advisors Group LLC purchased a new position in shares of Mizuho Financial Group in the 4th quarter valued at approximately $132,000. Deutsche Bank AG grew its stake in shares of Mizuho Financial Group by 85.8% in the 4th quarter. Deutsche Bank AG now owns 79,792 shares of the bank’s stock valued at $290,000 after purchasing an additional 36,837 shares during the last quarter. Advisor Partners LLC grew its stake in shares of Mizuho Financial Group by 96.5% in the 4th quarter. Advisor Partners LLC now owns 76,389 shares of the bank’s stock valued at $299,000 after purchasing an additional 37,514 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its stake in shares of Mizuho Financial Group by 40.2% in the 4th quarter. Eagle Asset Management Inc. now owns 89,346 shares of the bank’s stock valued at $331,000 after purchasing an additional 25,623 shares during the last quarter. Institutional investors own 0.35% of the company’s stock.
MFG traded up $0.07 during trading on Wednesday, hitting $3.62. 57,835 shares of the stock were exchanged, compared to its average volume of 357,323. The firm has a market cap of $45,025.07, a price-to-earnings ratio of 9.10 and a beta of 1.19. Mizuho Financial Group has a 1-year low of $3.37 and a 1-year high of $4.00.
Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings results on Wednesday, January 31st. The bank reported $0.10 EPS for the quarter. The company had revenue of $8.06 billion for the quarter. Mizuho Financial Group had a return on equity of 5.88% and a net margin of 16.11%. sell-side analysts predict that Mizuho Financial Group will post 0.42 earnings per share for the current fiscal year.
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Mizuho Financial Group Company Profile
Mizuho Financial Group, Inc engages in banking, trust banking, 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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