Mizuho Financial Group, Inc. (NYSE:MFG) Given Consensus Rating of “Hold” by Brokerages

Mizuho Financial Group, Inc. (NYSE:MFG – Get Rating) has earned an average rating of “Hold” from the five analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

A number of research analysts have recently commented on the stock. StockNews.com cut shares of Mizuho Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 8th. Jefferies Financial Group upgraded Mizuho Financial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, January 24th.

Mizuho Financial Group Price Performance

MFG opened at $2.85 on Wednesday. The company’s 50 day simple moving average is $3.14 and its 200 day simple moving average is $2.63. The stock has a market capitalization of $36.17 billion, a PE ratio of 7.92, a P/E/G ratio of 1.34 and a beta of 0.48. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.84 and a current ratio of 0.90. Mizuho Financial Group has a 1 year low of $2.10 and a 1 year high of $3.30.

Hedge Funds Weigh In On Mizuho Financial Group

Several large investors have recently bought and sold shares of MFG. Jane Street Group LLC acquired a new position in shares of Mizuho Financial Group in the 2nd quarter worth approximately $9,695,000. BlackRock Inc. grew its stake in shares of Mizuho Financial Group by 30.0% in the 3rd quarter. BlackRock Inc. now owns 7,100,083 shares of the bank’s stock worth $15,691,000 after purchasing an additional 1,637,617 shares during the last quarter. Millennium Management LLC grew its stake in shares of Mizuho Financial Group by 7,883.4% in the 4th quarter. Millennium Management LLC now owns 1,147,852 shares of the bank’s stock worth $3,260,000 after purchasing an additional 1,133,474 shares during the last quarter. Cowen Investment Management LLC acquired a new position in shares of Mizuho Financial Group in the 4th quarter worth approximately $2,840,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Mizuho Financial Group by 6.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,435,393 shares of the bank’s stock worth $21,679,000 after purchasing an additional 502,830 shares during the last quarter. Institutional investors and hedge funds own 0.53% of the company’s stock.

About Mizuho Financial Group

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Mizuho Financial Group, Inc operates as a holding company which engages in the provision of financial services such as banking, trust banking, securities, and others. It operates through the following segments: Mizuho Bank Ltd. (MHKB), Mizuho Trust & Banking Co, Ltd. (MHTB), and Mizuho Securities Co, Ltd.