Mizuho Financial Group (NYSE:MFG) upgraded to ‘outperform’ at Daiwa Capital Markets


Daiwa Capital Markets has upgraded the shares of Mizuho Financial Group (NYSE: MFG – Get a Rating) from a neutral rating to an outperform rating in a report released Wednesday morning, reports The Fly.

MFG has been the subject of several other research reports. Goldman Sachs Group assumed coverage for Mizuho Financial Group in a Wednesday, April 27 research note. They issued a neutral rating on the title. Bank of America downgraded Mizuho Financial Group from a Buy rating to a Neutral rating in a Thursday, June 23 research rating.

Mizuho Financial Group Share Performance

Shares of Mizuho Financial Group opened at $2.34 on Wednesday. Mizuho Financial Group has a 52-week low of $2.15 and a 52-week high of $3.04. The company’s fifty-day simple moving average is $2.33 and its 200-day simple moving average is $2.46. The company has a market capitalization of $29.70 billion, a PE ratio of 7.80, a growth price-earnings ratio of 0.72 and a beta of 0.56. The company has a quick ratio of 0.84, a current ratio of 0.84 and a leverage ratio of 1.28.

Hedge funds weigh on Mizuho Financial Group

Several hedge funds have recently bought and sold shares of MFG. Goldman Sachs Group Inc. increased its stake in Mizuho Financial Group by 6.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,435,393 shares of the bank worth $21,679,000 after purchasing an additional 502,830 shares during the period. BlackRock Inc. increased its stake in Mizuho Financial Group by 36.6% in Q1. BlackRock Inc. now owns 5,697,964 shares of the bank worth $14,644,000 after purchasing an additional 1,526,316 shares during the period. Jane Street Group LLC purchased a new stake in Mizuho Financial Group during Q2 for approximately $9,695,000. Crossmark Global Holdings Inc. increased its stake in Mizuho Financial Group by 2.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 3,669,173 shares of the bank worth $8,219,000 after purchasing an additional 91,351 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in Mizuho Financial Group during Q2 worth approximately $2,692,000. Institutional investors and hedge funds own 1.66% of the company’s shares.

About Mizuho Financial Group

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Mizuho Financial Group, Inc, together with its subsidiaries, is engaged in banking, trust, securities and other financial services-related businesses in Japan, America, 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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