Mizuho Financial Group (NYSE:MFG) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Mizuho Financial Group (NYSE:MFG – Get Rating) in a report published on Thursday morning. The brokerage issued a buy rating on the bank’s stock.

Separately, Jefferies Financial Group raised Mizuho Financial Group from a hold rating to a buy rating in a report on Tuesday, January 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Mizuho Financial Group has a consensus rating of Moderate Buy.

Mizuho Financial Group Price Performance

Mizuho Financial Group stock traded down $0.05 during midday trading on Thursday, reaching $2.75. The company’s stock had a trading volume of 1,377,165 shares, compared to its average volume of 1,429,722. Mizuho Financial Group has a fifty-two week low of $2.10 and a fifty-two week high of $3.30. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.84 and a current ratio of 0.90. The stock’s 50 day simple moving average is $3.13 and its 200 day simple moving average is $2.64. The firm has a market capitalization of $34.91 billion, a PE ratio of 7.64, a P/E/G ratio of 1.23 and a beta of 0.48.

Hedge Funds Weigh In On Mizuho Financial Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in Mizuho Financial Group by 1,102.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 11,050 shares of the bank’s stock worth $25,000 after acquiring an additional 10,131 shares in the last quarter. Enterprise Financial Services Corp acquired a new stake in shares of Mizuho Financial Group in the 3rd quarter worth about $26,000. Baker Tilly Wealth Management LLC acquired a new stake in shares of Mizuho Financial Group in the 3rd quarter worth about $27,000. Kestra Advisory Services LLC acquired a new position in Mizuho Financial Group during the 3rd quarter valued at about $27,000. Finally, Rehmann Capital Advisory Group acquired a new position in Mizuho Financial Group during the 2nd quarter valued at about $28,000. 0.53% of the stock is owned by institutional investors and hedge funds.

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.