Mizuho Financial Group (NYSE:MFG) Downgraded to "Sell" Rating by Wall Street Zen

Mizuho Financial Group (NYSE:MFG - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Mizuho Financial Group Stock Down 0.2%

Shares of NYSE:MFG opened at $6.19 on Friday. Mizuho Financial Group has a 1 year low of $3.45 and a 1 year high of $6.24. The company has a market cap of $77.91 billion, a PE ratio of 13.16, a P/E/G ratio of 0.71 and a beta of 0.38. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.99 and a quick ratio of 0.99. The stock's 50-day moving average is $5.56 and its 200 day moving average is $5.38.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last posted its earnings results on Thursday, May 15th. The bank reported $0.03 earnings per share for the quarter, hitting analysts' consensus estimates of $0.03. Mizuho Financial Group had a return on equity of 10.37% and a net margin of 9.81%. The firm had revenue of $12.84 billion for the quarter, compared to the consensus estimate of $5.38 billion. Sell-side analysts anticipate that Mizuho Financial Group will post 0.42 EPS for the current year.

Institutional Trading of Mizuho Financial Group

A number of hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC lifted its position in Mizuho Financial Group by 54.7% in the 4th quarter. Lazard Asset Management LLC now owns 23,558,714 shares of the bank's stock valued at $115,201,000 after acquiring an additional 8,329,657 shares in the last quarter. Northern Trust Corp lifted its position in Mizuho Financial Group by 86.1% in the 4th quarter. Northern Trust Corp now owns 9,743,983 shares of the bank's stock valued at $47,648,000 after acquiring an additional 4,508,649 shares in the last quarter. Bank of America Corp DE lifted its position in Mizuho Financial Group by 18.0% in the 4th quarter. Bank of America Corp DE now owns 16,121,663 shares of the bank's stock valued at $78,835,000 after acquiring an additional 2,454,233 shares in the last quarter. Raymond James Financial Inc. bought a new position in Mizuho Financial Group in the 4th quarter valued at approximately $5,951,000. Finally, Wells Fargo & Company MN lifted its position in Mizuho Financial Group by 48.5% in the 4th quarter. Wells Fargo & Company MN now owns 3,038,291 shares of the bank's stock valued at $14,857,000 after acquiring an additional 992,900 shares in the last quarter. 3.26% of the stock is owned by institutional investors.

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 Retail & Business Banking Company, Corporate & Institutional Company, Global Corporate Company, Global Markets Company, Asset Management Company, and Others segments.

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