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. “
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.
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.
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.
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