Zacks Research Downgrades Mizuho Financial Group (NYSE:MFG) to Hold

Key Points

• Zacks Research has downgraded Mizuho Financial Group from a "strong-buy" to a "hold" rating, indicating a more cautious outlook for the stock.
• Wall Street Zen has also upgraded Mizuho Financial Group from a "sell" to a "hold," reflecting a consensus rating of "hold" among equities researchers.
• Mizuho Financial Group reported earnings of $0.15 EPS for the last quarter, matching analyst estimates but falling short in revenue expectations with $5.13 billion reported against a $5.42 billion estimate.

Mizuho Financial Group (NYSE:MFG - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Wall Street Zen upgraded shares of Mizuho Financial Group from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Mizuho Financial Group currently has a consensus rating of "Hold".

Mizuho Financial Group Price Performance

Shares of NYSE:MFG opened at $6.60 on Monday. The company's fifty day moving average price is $5.90 and its 200 day moving average price is $5.53. Mizuho Financial Group has a 12 month low of $3.91 and a 12 month high of $6.79. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $83.07 billion, a P/E ratio of 13.74, a P/E/G ratio of 0.88 and a beta of 0.39.

Mizuho Financial Group (NYSE:MFG - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The bank reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. Mizuho Financial Group had a net margin of 10.16% and a return on equity of 8.48%. The firm had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.42 billion. As a group, sell-side analysts predict that Mizuho Financial Group will post 0.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MFG. Brooklyn Investment Group increased its stake in Mizuho Financial Group by 166.3% in the first quarter. Brooklyn Investment Group now owns 5,499 shares of the bank's stock valued at $30,000 after purchasing an additional 3,434 shares during the period. Allworth Financial LP increased its stake in Mizuho Financial Group by 81.8% in the first quarter. Allworth Financial LP now owns 6,611 shares of the bank's stock valued at $36,000 after purchasing an additional 2,975 shares during the period. Quantbot Technologies LP acquired a new position in Mizuho Financial Group in the first quarter valued at $42,000. BIP Alliance LLC acquired a new position in Mizuho Financial Group in the fourth quarter valued at $51,000. Finally, International Private Wealth Advisors LLC acquired a new position in Mizuho Financial Group in the first quarter valued at $55,000. 3.26% of the stock is currently owned by institutional investors and hedge funds.

Mizuho Financial Group Company Profile

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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