Mizuho Financial Group (MFG) Cut to Neutral at Goldman Sachs Group

Mizuho Financial Group (NYSE:MFG) was downgraded by stock analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a note issued to investors on Friday.

Several other equities analysts also recently weighed in on the company. Morgan Stanley downgraded Mizuho Financial Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, November 30th. Zacks Investment Research raised Mizuho Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, December 2nd. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $4.00.

Mizuho Financial Group (MFG) traded down $0.01 during trading on Friday, reaching $3.88. The company’s stock had a trading volume of 419,971 shares, compared to its average volume of 474,800. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $50,605.64, a P/E ratio of 9.70 and a beta of 1.20. Mizuho Financial Group has a one year low of $3.37 and a one year high of $4.00.

Mizuho Financial Group (NYSE:MFG) last released its quarterly earnings results on Tuesday, November 28th. The bank reported $0.14 earnings per share for the quarter. Mizuho Financial Group had a return on equity of 5.45% and a net margin of 16.12%. research analysts anticipate that Mizuho Financial Group will post 0.39 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of MFG. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Mizuho Financial Group during the third quarter worth $103,000. M&T Bank Corp boosted its holdings in shares of Mizuho Financial Group by 32.3% during the second quarter. M&T Bank Corp now owns 33,008 shares of the bank’s stock worth $121,000 after purchasing an additional 8,061 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Mizuho Financial Group by 7.6% during the second quarter. Stifel Financial Corp now owns 73,836 shares of the bank’s stock worth $272,000 after purchasing an additional 5,207 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Mizuho Financial Group by 36.2% during the third quarter. JPMorgan Chase & Co. now owns 231,893 shares of the bank’s stock worth $823,000 after purchasing an additional 61,686 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Mizuho Financial Group by 3.7% during the second quarter. Bank of New York Mellon Corp now owns 275,192 shares of the bank’s stock worth $1,011,000 after purchasing an additional 9,832 shares during the last quarter. Institutional investors and hedge funds own 0.33% 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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