Mizuho Financial Group (NYSE: MFG – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report released Saturday to clients and investors, Zacks.com reports.
According to Zacks, “THE MIZUHO FINANCIAL GROUP is a bank holding company that operates and manages its banks, long-term credit banks, specialized securities companies and other companies that the company may hold under the law. as subsidiaries, and engages in activities related to the management and operation of these companies.”
Several other equity research analysts have also published reports on MFG. Bank of America upgraded Mizuho Financial Group from a “neutral” rating to a “buy” rating in a Monday, April 11 report. StockNews.com began covering Mizuho Financial Group in a report on Thursday, March 31. They set a “holding” rating for the company.
NYSE:MFG opened at $2.46 on Friday. Mizuho Financial Group has a fifty-two-week low of $2.33 and a fifty-two-week high of $3.21. The stock’s 50-day moving average is $2.69 and its two-hundred-day moving average is $2.68. The stock has a market capitalization of $31.19 billion, a PE ratio of 5.72, a growth price-earnings ratio of 0.77 and a beta of 0.52.
Mizuho Financial Group (NYSE:MFG – Get Rating) last released its results on Wednesday, February 2. The bank reported earnings per share of $0.05 for the quarter. The company posted revenue of $6.74 billion for the quarter. Mizuho Financial Group achieved a return on equity of 5.15% and a net margin of 18.32%. Sell-side analysts expect Mizuho Financial Group to post EPS of 0.34 for the current year.
A number of institutional investors and hedge funds have been buying and selling stocks recently. Goldman Sachs Group Inc. increased its stake in Mizuho Financial Group by 16.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 7,932,563 shares of the bank worth $20,228,000 after buying an additional 1,124,636 shares in the last quarter. BlackRock Inc. increased its holdings in Mizuho Financial Group by 4.0% in Q4. BlackRock Inc. now owns 4,171,648 shares of the bank worth $10,638,000 after purchasing an additional 161,670 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Mizuho Financial Group by 128.3% in Q4. Envestnet Asset Management Inc. now owns 912,514 shares of the bank worth $2,327,000 after buying an additional 512,892 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Mizuho Financial Group by 9.6% in Q4. Crossmark Global Holdings Inc. now owns 731,404 shares of the bank worth $1,865,000 after buying an additional 63,945 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings of Mizuho Financial Group shares by 24.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 438,955 shares of the bank worth $1,247,000 after purchasing an additional 86,019 shares in the last quarter. Hedge funds and other institutional investors own 1.65% of the company’s shares.
Mizuho Financial Group Company Profile (Get a rating)
Mizuho Financial Group, Inc, together with its subsidiaries, is engaged in banking, trust, securities and other financial services-related businesses in Japan, America, Europe, Asia/Oceania and internationally. 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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