Mizuho Financial Group (MFG) Rating Increased to Hold at Zacks Investment Research
Mizuho Financial Group (NYSE:MFG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday.
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. “
Separately, Morgan Stanley downgraded shares of Mizuho Financial Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $4.00.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd bought a new position in Mizuho Financial Group during the 3rd quarter valued at $103,000. Ballentine Partners LLC boosted its stake in Mizuho Financial Group by 16.1% during the 2nd quarter. Ballentine Partners LLC now owns 29,478 shares of the bank’s stock valued at $107,000 after acquiring an additional 4,079 shares during the last quarter. M&T Bank Corp boosted its stake in Mizuho Financial Group by 32.3% during the 2nd quarter. M&T Bank Corp now owns 33,008 shares of the bank’s stock valued at $121,000 after acquiring an additional 8,061 shares during the last quarter. CAPROCK Group Inc. bought a new position in Mizuho Financial Group during the 2nd quarter valued at $145,000. Finally, Eagle Asset Management Inc. boosted its stake in Mizuho Financial Group by 16.7% during the 2nd quarter. Eagle Asset Management Inc. now owns 54,446 shares of the bank’s stock valued at $199,000 after acquiring an additional 7,776 shares during the last quarter. Hedge funds and other institutional investors own 0.35% of the company’s stock.
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Mizuho Financial Group Company Profile
Mizuho Financial Group, Inc (MHFG) is a financial holding company. The Company, through its subsidiaries, provides domestic and international financial services in Japan and other countries. The Company’s segments include MHBK, MHTB, MHSC and Others. The MHBK segment includes Personal Banking; Retail Banking; Corporate Banking (Large Corporations); Corporate Banking; Financial Institutions & Public Sector Business; International Banking, and Trading and others.
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