SVB Financial Group (NASDAQ:SIVB)‘s stock had its “hold” rating reissued by analysts at Barclays in a report released on Sunday, January 28th. They presently have a $273.00 target price on the bank’s stock. Barclays’ price objective would indicate a potential upside of 10.31% from the company’s current price.
Several other brokerages also recently issued reports on SIVB. SunTrust Banks increased their price target on SVB Financial Group to $300.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Stephens restated a “buy” rating on shares of SVB Financial Group in a report on Friday, January 26th. Jefferies Group restated a “buy” rating on shares of SVB Financial Group in a report on Friday, January 26th. FIG Partners downgraded SVB Financial Group from an “outperform” rating to a “market perform” rating in a report on Friday, January 26th. Finally, Maxim Group restated a “buy” rating and issued a $300.00 price target (up from $250.00) on shares of SVB Financial Group in a report on Wednesday, January 10th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $239.92.
SVB Financial Group (SIVB) opened at $247.49 on Friday. SVB Financial Group has a one year low of $159.44 and a one year high of $263.09. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $12,673.05, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.57 and a beta of 1.49.
SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, January 25th. The bank reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.60 by ($0.41). SVB Financial Group had a net margin of 24.25% and a return on equity of 12.83%. The company had revenue of $545.97 million during the quarter, compared to analyst estimates of $523.45 million. During the same period in the previous year, the company posted $1.89 EPS. equities research analysts expect that SVB Financial Group will post 13.85 EPS for the current fiscal year.
In related news, insider Philip C. Cox sold 1,175 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $252.77, for a total transaction of $297,004.75. Following the completion of the transaction, the insider now directly owns 4,097 shares in the company, valued at $1,035,598.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gregory W. Becker sold 9,511 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $232.68, for a total value of $2,213,019.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,186 shares of company stock valued at $4,057,749. 0.73% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of SIVB. Harding Loevner LP grew its stake in SVB Financial Group by 209.0% in the third quarter. Harding Loevner LP now owns 4,817,712 shares of the bank’s stock valued at $284,617,000 after purchasing an additional 3,258,700 shares in the last quarter. Janus Henderson Group PLC bought a new position in SVB Financial Group in the second quarter valued at approximately $173,726,000. CI Investments Inc. bought a new position in SVB Financial Group in the third quarter valued at approximately $95,902,000. Bank of New York Mellon Corp grew its stake in SVB Financial Group by 29.1% in the third quarter. Bank of New York Mellon Corp now owns 1,618,179 shares of the bank’s stock valued at $302,746,000 after purchasing an additional 364,303 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in SVB Financial Group by 16.6% in the third quarter. JPMorgan Chase & Co. now owns 2,489,781 shares of the bank’s stock valued at $464,570,000 after purchasing an additional 354,948 shares in the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.
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About SVB Financial Group
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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