Mizuho Financial Group (NYSE:MFG) Upgraded to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Mizuho Financial Group (NYSE:MFGGet Rating) from a hold rating to a buy rating in a report issued on Tuesday, MarketBeat.com reports.

Separately, StockNews.com assumed coverage on shares of Mizuho Financial Group in a research report on Wednesday, October 12th. They issued a hold rating for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold.

Mizuho Financial Group Stock Performance

NYSE MFG opened at $3.16 on Tuesday. The company has a fifty day simple moving average of $2.69 and a 200 day simple moving average of $2.43. Mizuho Financial Group has a 12-month low of $2.10 and a 12-month high of $3.30. The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 1.29. The company has a market cap of $40.11 billion, a P/E ratio of 10.53, a PEG ratio of 1.57 and a beta of 0.47.

Mizuho Financial Group (NYSE:MFGGet Rating) last posted its quarterly earnings results on Monday, November 14th. The bank reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Mizuho Financial Group had a net margin of 8.83% and a return on equity of 4.98%. The business had revenue of $12.38 billion during the quarter. Sell-side analysts predict that Mizuho Financial Group will post 0.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mizuho Financial Group news, major shareholder Mizuho Securities Usa Llc sold 64,745 shares of Mizuho Financial Group stock in a transaction on Friday, November 25th. The shares were sold at an average price of $10.06, for a total transaction of $651,334.70. Following the transaction, the insider now directly owns 3,093,750 shares of the company’s stock, valued at approximately $31,123,125. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.01% of the company’s stock.

Hedge Funds Weigh In On Mizuho Financial Group

A number of hedge funds have recently bought and sold shares of MFG. Advisor Group Holdings Inc. boosted its holdings in Mizuho Financial Group by 37.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 26,174 shares of the bank’s stock worth $67,000 after acquiring an additional 7,076 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Mizuho Financial Group by 50.8% in the 1st quarter. JPMorgan Chase & Co. now owns 29,691 shares of the bank’s stock worth $75,000 after buying an additional 10,008 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Mizuho Financial Group by 236.2% in the 1st quarter. Raymond James & Associates now owns 187,439 shares of the bank’s stock worth $482,000 after buying an additional 131,695 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Mizuho Financial Group by 23.7% in the 1st quarter. Bank of New York Mellon Corp now owns 295,682 shares of the bank’s stock worth $760,000 after buying an additional 56,594 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Mizuho Financial Group by 25.4% in the 1st quarter. American Century Companies Inc. now owns 547,629 shares of the bank’s stock worth $1,407,000 after buying an additional 110,837 shares during the last quarter. 0.53% of the stock is owned by hedge funds and other institutional investors.

Mizuho Financial Group Company Profile

(Get Rating)

Mizuho Financial Group, Inc, together with its subsidiaries, engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally. 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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