Shares of Mizuho Financial Group Inc. (NYSE:MFG) have earned an average recommendation of “Hold” from the five research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $4.00.
Several brokerages recently commented on MFG. Zacks Investment Research upgraded shares of Mizuho Financial Group from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a report on Saturday, April 7th. ValuEngine downgraded shares of Mizuho Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd.
Mizuho Financial Group traded up $0.03, hitting $3.40, during mid-day trading on Monday, MarketBeat reports. 299,360 shares of the stock traded hands, compared to its average volume of 357,824. The company has a market capitalization of $42.74 billion, a price-to-earnings ratio of 8.50 and a beta of 1.20. Mizuho Financial Group has a 52 week low of $3.36 and a 52 week high of $4.00.
A number of large investors have recently modified their holdings of the stock. Northern Trust Corp grew its holdings in Mizuho Financial Group by 10.4% during the 1st quarter. Northern Trust Corp now owns 11,588,241 shares of the bank’s stock valued at $42,876,000 after purchasing an additional 1,087,530 shares during the last quarter. Aperio Group LLC grew its holdings in Mizuho Financial Group by 5.7% during the 1st quarter. Aperio Group LLC now owns 3,448,398 shares of the bank’s stock valued at $12,759,000 after purchasing an additional 186,350 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Mizuho Financial Group by 12.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,108,537 shares of the bank’s stock valued at $11,315,000 after purchasing an additional 341,010 shares during the last quarter. Royal Bank of Canada grew its holdings in Mizuho Financial Group by 10.1% during the 1st quarter. Royal Bank of Canada now owns 2,594,287 shares of the bank’s stock valued at $9,599,000 after purchasing an additional 238,983 shares during the last quarter. Finally, US Bancorp DE grew its holdings in Mizuho Financial Group by 0.8% during the 1st quarter. US Bancorp DE now owns 1,959,311 shares of the bank’s stock valued at $7,249,000 after purchasing an additional 16,399 shares during the last quarter. Institutional investors own 0.36% of the company’s stock.
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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