SVB Financial Group (NASDAQ:SIVB) insider Gregory W. Becker sold 3,028 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $233.52, for a total value of $707,098.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of SVB Financial Group stock opened at $236.06 on Monday. The company has a market cap of $12,485.21, a price-to-earnings ratio of 23.82, a P/E/G ratio of 1.54 and a beta of 1.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.59 and a quick ratio of 0.59. SVB Financial Group has a 12-month low of $159.44 and a 12-month high of $271.79.
SVB Financial Group (NASDAQ:SIVB) last announced its earnings results on Thursday, January 25th. The bank reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.60 by ($0.41). The company had revenue of $545.97 million for the quarter, compared to the consensus estimate of $523.45 million. SVB Financial Group had a return on equity of 12.83% and a net margin of 24.25%. During the same period in the previous year, the company earned $1.89 EPS. equities analysts predict that SVB Financial Group will post 13.92 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Wagner Wealth Management LLC bought a new stake in shares of SVB Financial Group in the fourth quarter valued at approximately $100,000. Grandeur Peak Global Advisors LLC boosted its position in shares of SVB Financial Group by 3.5% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 50,525 shares of the bank’s stock valued at $11,811,000 after acquiring an additional 1,700 shares during the period. Xact Kapitalforvaltning AB boosted its position in shares of SVB Financial Group by 60.4% in the fourth quarter. Xact Kapitalforvaltning AB now owns 6,819 shares of the bank’s stock valued at $1,594,000 after acquiring an additional 2,568 shares during the period. Handelsbanken Fonder AB bought a new stake in shares of SVB Financial Group in the fourth quarter valued at approximately $15,663,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of SVB Financial Group by 4.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,480 shares of the bank’s stock valued at $2,450,000 after acquiring an additional 408 shares during the period. 89.65% of the stock is owned by institutional investors.
SIVB has been the subject of several recent research reports. Maxim Group reissued a “buy” rating and issued a $300.00 price target (up previously from $250.00) on shares of SVB Financial Group in a research note on Wednesday, January 10th. Stephens reaffirmed a “buy” rating on shares of SVB Financial Group in a research report on Friday, January 26th. Zacks Investment Research raised SVB Financial Group from a “hold” rating to a “buy” rating and set a $271.00 target price for the company in a research report on Wednesday, December 27th. Barclays upped their target price on SVB Financial Group from $217.00 to $251.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, UBS initiated coverage on SVB Financial Group in a research report on Thursday, March 22nd. They set a “buy” rating and a $284.00 target price for the company. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $255.46.
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SVB Financial Group Company Profile
SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. Its Global Commercial Bank segment offers deposit products, such as business and analysis checking, money market, multi-currency, in-country bank, and sweep accounts, as well as merchant, remote capture, lockbox, electronic deposit capture, and fraud control services; credit products and services comprising term loans, equipment loans, asset-based loans, revolving lines of credit, accounts-receivable-based lines of credit, capital call lines of credit, and credit cards; and payment and cash management products and services, including wire transfer and automated clearing house payment, bill pay, debit card account analysis, and disbursement, as well as online and mobile banking services.
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