Mizuho Financial Group (NYSE:MFG) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research lowered shares of Mizuho Financial Group (NYSE:MFG) from a hold rating to a sell rating in a research report sent to investors on Wednesday, Zacks.com reports.

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, The Goldman Sachs Group upgraded Mizuho Financial Group from a sell rating to a neutral rating in a research note on Wednesday, March 31st.

Shares of MFG stock opened at $2.88 on Wednesday. Mizuho Financial Group has a 1-year low of $2.39 and a 1-year high of $3.21. The stock’s fifty day simple moving average is $2.99. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.21. The stock has a market cap of $36.14 billion, a P/E ratio of 6.70 and a beta of 0.70.

Mizuho Financial Group (NYSE:MFG) last announced its earnings results on Friday, May 14th. The bank reported $0.06 earnings per share for the quarter. Mizuho Financial Group had a return on equity of 3.53% and a net margin of 14.65%. The firm had revenue of $8.54 billion for the quarter. Sell-side analysts predict that Mizuho Financial Group will post 0.36 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Rehmann Capital Advisory Group purchased a new stake in Mizuho Financial Group during the 4th quarter valued at about $28,000. Susquehanna International Group LLP acquired a new position in shares of Mizuho Financial Group in the 4th quarter valued at about $40,000. Bessemer Group Inc. acquired a new position in shares of Mizuho Financial Group in the 1st quarter valued at about $42,000. Glenmede Trust Co. NA lifted its holdings in shares of Mizuho Financial Group by 44.7% in the 4th quarter. Glenmede Trust Co. NA now owns 16,998 shares of the bank’s stock valued at $43,000 after buying an additional 5,250 shares during the period. Finally, Boston Private Wealth LLC lifted its holdings in shares of Mizuho Financial Group by 25.8% in the 1st quarter. Boston Private Wealth LLC now owns 17,052 shares of the bank’s stock valued at $49,000 after buying an additional 3,501 shares during the period. Institutional investors and hedge funds own 0.43% of the company’s stock.

About Mizuho Financial Group

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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