SVB Financial Group (NASDAQ:SIVB) insider Christopher Edmonds-Waters sold 3,630 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $209.86, for a total transaction of $761,791.80. Following the transaction, the insider now directly owns 5,918 shares of the company’s stock, valued at approximately $1,241,951.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
SVB Financial Group (NASDAQ:SIVB) traded up $0.99 during mid-day trading on Friday, reaching $215.22. 263,274 shares of the company’s stock were exchanged, compared to its average volume of 492,112. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. SVB Financial Group has a 12 month low of $149.01 and a 12 month high of $223.82. The firm has a market capitalization of $11,300.00, a PE ratio of 23.94, a P/E/G ratio of 2.04 and a beta of 1.63.
SVB Financial Group (NASDAQ:SIVB) last released its quarterly earnings data on Thursday, October 26th. The bank reported $2.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.50. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The company had revenue of $533.40 million for the quarter, compared to analysts’ expectations of $490.56 million. During the same quarter last year, the company earned $2.12 earnings per share. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. equities analysts predict that SVB Financial Group will post 9.5 EPS for the current year.
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Hedge funds have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. increased its holdings in shares of SVB Financial Group by 11.7% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 860 shares of the bank’s stock valued at $160,000 after acquiring an additional 90 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of SVB Financial Group in the 2nd quarter valued at $176,000. Xact Kapitalforvaltning AB acquired a new position in shares of SVB Financial Group in the 2nd quarter valued at $715,000. Capstone Asset Management Co. increased its holdings in shares of SVB Financial Group by 8.1% in the 2nd quarter. Capstone Asset Management Co. now owns 5,160 shares of the bank’s stock valued at $907,000 after acquiring an additional 386 shares during the period. Finally, NN Investment Partners Holdings N.V. grew its position in SVB Financial Group by 1.7% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 8,530 shares of the bank’s stock valued at $1,499,000 after buying an additional 145 shares during the last quarter. 94.52% of the stock is currently owned by institutional investors.
Several research analysts have weighed in on the stock. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $245.00 target price on shares of SVB Financial Group in a research note on Friday. Wells Fargo & Company reissued an “outperform” rating and issued a $240.00 price objective (up previously from $215.00) on shares of SVB Financial Group in a research note on Thursday, November 9th. ValuEngine lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of SVB Financial Group from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $216.00 price objective on shares of SVB Financial Group in a research note on Friday, August 11th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. SVB Financial Group has an average rating of “Buy” and a consensus price target of $216.21.
SVB Financial Group Company Profile
SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company’s segments include Global Commercial Bank, SVB Private Bank and SVB Capital. The Global Commercial Bank segment consists of the operations of its Commercial Bank, and of SVB Wine, SVB Analytics and its Debt Fund Investments.
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