Mizuho Financial Group (NYSE:MFG) Lowered to Sell at Zacks Investment Research

Mizuho Financial Group (NYSE:MFGGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday, 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. “

A number of other research firms have also weighed in on MFG. StockNews.com began coverage on shares of Mizuho Financial Group in a research note on Thursday, March 31st. They issued a “hold” rating for the company. The Goldman Sachs Group began coverage on shares of Mizuho Financial Group in a research note on Wednesday. They issued a “neutral” rating for the company. Finally, Bank of America upgraded shares of Mizuho Financial Group from a “neutral” rating to a “buy” rating in a report on Monday, April 11th.

MFG stock opened at $2.39 on Thursday. The stock has a market capitalization of $30.31 billion, a price-to-earnings ratio of 5.56, a price-to-earnings-growth ratio of 0.77 and a beta of 0.52. Mizuho Financial Group has a twelve month low of $2.33 and a twelve month high of $3.21. The firm’s fifty day simple moving average is $2.62 and its two-hundred day simple moving average is $2.66.

Mizuho Financial Group (NYSE:MFGGet Rating) last issued its earnings results on Wednesday, February 2nd. The bank reported $0.05 earnings per share (EPS) for the quarter. Mizuho Financial Group had a net margin of 18.32% and a return on equity of 5.15%. The firm had revenue of $6.74 billion during the quarter. Equities research analysts forecast that Mizuho Financial Group will post 0.36 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Morningstar Investment Services LLC increased its holdings in shares of Mizuho Financial Group by 7.6% during the fourth quarter. Morningstar Investment Services LLC now owns 64,652 shares of the bank’s stock valued at $165,000 after acquiring an additional 4,579 shares in the last quarter. CWM LLC increased its holdings in shares of Mizuho Financial Group by 53.4% during the first quarter. CWM LLC now owns 14,241 shares of the bank’s stock valued at $37,000 after acquiring an additional 4,958 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Mizuho Financial Group by 5.2% during the fourth quarter. Eagle Asset Management Inc. now owns 111,632 shares of the bank’s stock valued at $285,000 after acquiring an additional 5,532 shares in the last quarter. Optas LLC increased its holdings in shares of Mizuho Financial Group by 29.4% during the first quarter. Optas LLC now owns 25,150 shares of the bank’s stock valued at $65,000 after acquiring an additional 5,715 shares in the last quarter. Finally, Sage Rhino Capital LLC increased its holdings in shares of Mizuho Financial Group by 12.5% during the first quarter. Sage Rhino Capital LLC now owns 51,874 shares of the bank’s stock valued at $133,000 after acquiring an additional 5,751 shares in the last quarter. Institutional investors and hedge funds own 1.65% of the company’s stock.

Mizuho Financial Group Company Profile (Get Rating)

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, 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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