Mizuho Financial Group, Inc. (NYSE:MFG – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $10.36 and last traded at $10.3650, with a volume of 2555412 shares changing hands. The stock had previously closed at $9.76.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Mizuho Financial Group in a report on Friday, May 1st. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Mizuho Financial Group has an average rating of “Moderate Buy”.
View Our Latest Stock Report on Mizuho Financial Group
Mizuho Financial Group Stock Performance
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Parkside Financial Bank & Trust lifted its position in shares of Mizuho Financial Group by 72.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,330 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,825 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Mizuho Financial Group by 351.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 4,524 shares of the bank’s stock worth $33,000 after buying an additional 3,522 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Mizuho Financial Group during the first quarter worth $34,000. Kestra Advisory Services LLC acquired a new position in Mizuho Financial Group during the fourth quarter worth $49,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Mizuho Financial Group during the fourth quarter worth $54,000. Institutional investors and hedge funds own 3.26% of the company’s stock.
Mizuho Financial Group Company Profile
Mizuho Financial Group, Inc is a major Japanese banking and financial services holding company headquartered in Tokyo. The group operates through a network of subsidiaries that provide a full range of retail, corporate and investment banking services. Its core businesses include deposit-taking and lending, transaction banking, cash management, trade finance and treasury services for both individual and institutional clients.
Beyond traditional commercial banking, Mizuho offers securities and capital markets services, investment banking, underwriting, M&A advisory, and asset management through its securities and trust banking arms.
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