Mizuho Financial Group (MFG) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Mizuho Financial Group (NYSE:MFG) from a buy rating to a hold rating in a report published on Friday.

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. “

How to Become a New Pot Stock Millionaire

Separately, Goldman Sachs lowered shares of Mizuho Financial Group from a buy rating to a neutral rating in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Mizuho Financial Group currently has an average rating of Hold and an average price target of $4.00.

Shares of NYSE MFG traded down $0.05 during mid-day trading on Friday, reaching $3.55. The company had a trading volume of 240,960 shares, compared to its average volume of 286,491. The firm has a market capitalization of $45,659.23, a price-to-earnings ratio of 8.66 and a beta of 1.19. Mizuho Financial Group has a 12-month low of $3.37 and a 12-month high of $4.00.

Mizuho Financial Group (NYSE:MFG) last posted its quarterly earnings results on Wednesday, January 31st. The bank reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $8.06 billion during the quarter. Mizuho Financial Group had a net margin of 16.11% and a return on equity of 5.88%. equities research analysts predict that Mizuho Financial Group will post 0.42 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in Mizuho Financial Group by 36.2% during the third quarter. JPMorgan Chase & Co. now owns 231,893 shares of the bank’s stock valued at $823,000 after acquiring an additional 61,686 shares in the last quarter. Gradient Investments LLC raised its position in Mizuho Financial Group by 30.0% during the fourth quarter. Gradient Investments LLC now owns 426,834 shares of the bank’s stock valued at $1,554,000 after acquiring an additional 98,611 shares in the last quarter. Lake Street Advisors Group LLC bought a new position in Mizuho Financial Group during the fourth quarter valued at approximately $132,000. Crossmark Global Holdings Inc. raised its position in Mizuho Financial Group by 1.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 2,546,753 shares of the bank’s stock valued at $9,270,000 after acquiring an additional 41,067 shares in the last quarter. Finally, Aperio Group LLC raised its position in Mizuho Financial Group by 4.6% during the fourth quarter. Aperio Group LLC now owns 3,262,048 shares of the bank’s stock valued at $11,874,000 after acquiring an additional 143,787 shares in the last quarter. 0.35% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: “Mizuho Financial Group (MFG) Downgraded to “Hold” at Zacks Investment Research” was first reported by Ticker Report and is the property of of Ticker Report. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://www.tickerreport.com/banking-finance/3338346/mizuho-financial-group-mfg-downgraded-to-hold-at-zacks-investment-research.html.

About Mizuho Financial Group

Mizuho Financial Group, Inc engages in banking, trust banking, securities, and other businesses related to financial services in Japan, the Americas, Europe, and Asia/Oceania. It operates through five segments: Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, and Asset Management Company.

Receive News & Ratings for Mizuho Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mizuho Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Financial Review: Carvana  versus Its Competitors
Financial Review: Carvana versus Its Competitors
Brokerages Set Callon Petroleum  PT at $16.42
Brokerages Set Callon Petroleum PT at $16.42
Analyzing Paychex  and Forrester Research
Analyzing Paychex and Forrester Research
Head to Head Contrast: Aspen Group  versus The Competition
Head to Head Contrast: Aspen Group versus The Competition
Contrasting Rogers  & AdvanSix
Contrasting Rogers & AdvanSix
SSLJ.Com  Downgraded by ValuEngine
SSLJ.Com Downgraded by ValuEngine


Leave a Reply

© 2006-2018 Ticker Report. Google+.