SVB Financial Group (NASDAQ:SIVB) insider Michelle Draper sold 2,510 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $248.95, for a total value of $624,864.50. Following the completion of the transaction, the insider now owns 7,879 shares in the company, valued at $1,961,477.05. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
SVB Financial Group (NASDAQ:SIVB) traded down $8.75 during trading hours on Friday, hitting $243.82. The stock had a trading volume of 361,700 shares, compared to its average volume of 420,094. SVB Financial Group has a 1-year low of $159.44 and a 1-year high of $263.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market cap of $13,344.58, a price-to-earnings ratio of 26.61, a P/E/G ratio of 1.66 and a beta of 1.49.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $2.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.60 by ($0.41). SVB Financial Group had a return on equity of 12.83% and a net margin of 24.25%. The company had revenue of $545.97 million during the quarter, compared to the consensus estimate of $523.45 million. During the same quarter in the prior year, the business earned $1.89 earnings per share. sell-side analysts predict that SVB Financial Group will post 13.85 earnings per share for the current year.
A number of brokerages have commented on SIVB. BidaskClub lowered SVB Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 31st. SunTrust Banks reiterated a “buy” rating and issued a $245.00 price objective on shares of SVB Financial Group in a research report on Friday, November 17th. FIG Partners lowered SVB Financial Group from an “outperform” rating to a “market perform” rating in a research report on Friday, January 26th. Wells Fargo & Co reiterated an “outperform” rating and issued a $280.00 price objective (up from $240.00) on shares of SVB Financial Group in a research report on Tuesday, January 9th. Finally, Morgan Stanley raised their price target on SVB Financial Group from $275.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $239.92.
Institutional investors have recently modified their holdings of the stock. Oakbrook Investments LLC raised its stake in SVB Financial Group by 84.3% during the 3rd quarter. Oakbrook Investments LLC now owns 4,100 shares of the bank’s stock worth $767,000 after buying an additional 1,875 shares during the period. Strs Ohio raised its stake in SVB Financial Group by 4.3% during the 3rd quarter. Strs Ohio now owns 407,764 shares of the bank’s stock worth $76,288,000 after buying an additional 16,811 shares during the period. California Public Employees Retirement System raised its stake in SVB Financial Group by 3.8% during the 3rd quarter. California Public Employees Retirement System now owns 139,055 shares of the bank’s stock worth $26,016,000 after buying an additional 5,155 shares during the period. BNP Paribas Arbitrage SA raised its stake in SVB Financial Group by 37.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 42,877 shares of the bank’s stock worth $8,022,000 after buying an additional 11,740 shares during the period. Finally, Wells Fargo & Company MN raised its stake in SVB Financial Group by 7.8% during the 3rd quarter. Wells Fargo & Company MN now owns 107,473 shares of the bank’s stock worth $20,107,000 after buying an additional 7,783 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.
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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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