Mizuho Financial Group (NYSE:MFG) Upgraded at ValuEngine

ValuEngine upgraded shares of Mizuho Financial Group (NYSE:MFG) from a hold rating to a buy rating in a research report released on Tuesday morning, ValuEngine reports.

Separately, Zacks Investment Research lowered Mizuho Financial Group from a buy rating to a hold rating in a research note on Thursday, August 15th.

Shares of Mizuho Financial Group stock remained flat at $$3.17 during trading on Tuesday. 108,095 shares of the stock were exchanged, compared to its average volume of 625,500. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.95 and a current ratio of 0.94. The firm has a market capitalization of $40.20 billion, a price-to-earnings ratio of 7.55 and a beta of 1.14. Mizuho Financial Group has a 52 week low of $2.66 and a 52 week high of $3.28. The firm’s 50 day moving average price is $3.12 and its 200-day moving average price is $2.98.

Mizuho Financial Group (NYSE:MFG) last announced its earnings results on Thursday, November 14th. The bank reported $0.09 earnings per share (EPS) for the quarter. Mizuho Financial Group had a negative net margin of 0.04% and a positive return on equity of 5.55%. The firm had revenue of $9.31 billion for the quarter. On average, equities analysts forecast that Mizuho Financial Group will post 0.32 EPS for the current year.

In related news, insider Cairns Brett 103,092 shares of the business’s stock in a transaction on Thursday, November 14th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Balentine LLC boosted its stake in shares of Mizuho Financial Group by 43.9% in the 3rd quarter. Balentine LLC now owns 12,022 shares of the bank’s stock valued at $37,000 after purchasing an additional 3,666 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Mizuho Financial Group by 88.0% in the third quarter. Parametric Portfolio Associates LLC now owns 16,220,896 shares of the bank’s stock valued at $49,798,000 after buying an additional 7,593,999 shares in the last quarter. Stifel Financial Corp acquired a new stake in Mizuho Financial Group in the third quarter valued at approximately $39,000. Checchi Capital Advisers LLC grew its stake in shares of Mizuho Financial Group by 24.3% during the third quarter. Checchi Capital Advisers LLC now owns 64,937 shares of the bank’s stock worth $199,000 after buying an additional 12,677 shares during the last quarter. Finally, Corient Capital Partners LLC grew its stake in shares of Mizuho Financial Group by 24.5% during the third quarter. Corient Capital Partners LLC now owns 86,077 shares of the bank’s stock worth $264,000 after buying an additional 16,961 shares during the last quarter. 0.47% of the stock is owned by hedge funds and other institutional investors.

About Mizuho Financial Group

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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