Mizuho Financial Group (NYSE:MFG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.
According to Zacks, “THE MIZUHO FINANCIAL GROUP is a bank holding company which operates and manages its banks, long-term credit banks, specialized securities companies and other companies which the Company may own by law as its subsidiaries, and engages in business appertaining to the management and operation of such companies. “
Shares of MFG opened at $2.70 on Wednesday. The company has a market cap of $34.24 billion, a PE ratio of 5.19, a P/E/G ratio of 0.80 and a beta of 0.60. The business has a fifty day moving average of $2.81 and a 200 day moving average of $2.90. Mizuho Financial Group has a 52-week low of $2.51 and a 52-week high of $3.21. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.10.
A number of institutional investors and hedge funds have recently modified their holdings of MFG. Goldman Sachs Group Inc. increased its stake in Mizuho Financial Group by 11.1% in the first quarter. Goldman Sachs Group Inc. now owns 5,826,211 shares of the bank’s stock worth $16,954,000 after purchasing an additional 580,305 shares during the period. BlackRock Inc. increased its stake in Mizuho Financial Group by 12.3% in the second quarter. BlackRock Inc. now owns 3,708,866 shares of the bank’s stock worth $10,570,000 after purchasing an additional 406,778 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Mizuho Financial Group by 449.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 352,936 shares of the bank’s stock worth $1,006,000 after purchasing an additional 288,653 shares during the period. FMR LLC increased its stake in Mizuho Financial Group by 38.0% in the second quarter. FMR LLC now owns 860,153 shares of the bank’s stock worth $2,451,000 after purchasing an additional 236,969…
