Mizuho Financial Group (NYSE:MFG) Upgraded by ValuEngine to Buy

Mizuho Financial Group (NYSE:MFG) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research cut shares of Mizuho Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.

Shares of Mizuho Financial Group stock opened at $3.12 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.94 and a quick ratio of 0.95. The firm has a fifty day moving average price of $3.12 and a 200 day moving average price of $2.98. Mizuho Financial Group has a 1 year low of $2.66 and a 1 year high of $3.31. The stock has a market cap of $39.56 billion, a PE ratio of 7.43 and a beta of 1.14.

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

Hedge funds have recently added to or reduced their stakes in the stock. PDS Planning Inc acquired a new stake in Mizuho Financial Group during the third quarter valued at $34,000. Park Avenue Securities LLC acquired a new stake in Mizuho Financial Group during the third quarter valued at $35,000. Marshall Wace LLP acquired a new stake in Mizuho Financial Group during the second quarter valued at $37,000. Balentine LLC grew its position in Mizuho Financial Group by 43.9% during the third quarter. Balentine LLC now owns 12,022 shares of the bank’s stock valued at $37,000 after buying an additional 3,666 shares during the period. Finally, Stifel Financial Corp acquired a new stake in Mizuho Financial Group during the third quarter valued at $39,000. Institutional investors own 0.47% of the company’s stock.

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.

See Also: Capital Gains Distribution

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

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