Mizuho Financial Group (NYSE:MFG) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Mizuho Financial Group (NYSE:MFG) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

Separately, Wall Street Zen raised Mizuho Financial Group from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Mizuho Financial Group presently has a consensus rating of “Hold”.

Mizuho Financial Group Trading Down 0.4%

Shares of NYSE MFG opened at $6.56 on Monday. The company’s 50 day simple moving average is $5.92 and its 200 day simple moving average is $5.54. Mizuho Financial Group has a fifty-two week low of $3.91 and a fifty-two week high of $6.79. The firm has a market capitalization of $82.57 billion, a P/E ratio of 13.66, a P/E/G ratio of 0.88 and a beta of 0.39. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.96 and a quick ratio of 0.96.

Mizuho Financial Group (NYSE:MFG) last released its earnings results on Thursday, July 31st. The bank reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.42 billion. Mizuho Financial Group had a net margin of 10.16% and a return on equity of 8.48%. On average, analysts predict that Mizuho Financial Group will post 0.42 EPS for the current year.

Institutional Investors Weigh In On Mizuho Financial Group

Several institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its holdings in Mizuho Financial Group by 3.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,602,728 shares of the bank’s stock worth $8,831,000 after purchasing an additional 59,671 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Mizuho Financial Group by 3.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 101,716 shares of the bank’s stock valued at $550,000 after purchasing an additional 2,918 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Mizuho Financial Group by 14.4% during the first quarter. GAMMA Investing LLC now owns 67,561 shares of the bank’s stock worth $372,000 after buying an additional 8,491 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of Mizuho Financial Group during the first quarter worth about $2,514,000. Finally, Allianz SE bought a new position in shares of Mizuho Financial Group during the first quarter worth about $3,251,000. 3.26% of the stock is owned by institutional investors.

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, Asia/Oceania, and internationally. It operates through Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, Asset Management Company, and Others segments.