SVB Financial Group (NASDAQ:SIVB) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of SVB Financial Group (NASDAQ:SIVB – Get Rating) in a research report sent to investors on Monday. The brokerage issued a sell rating on the bank’s stock.

Other analysts have also issued reports about the stock. Wedbush cut their price target on shares of SVB Financial Group from $250.00 to $200.00 and set a neutral rating on the stock in a research note on Thursday, March 9th. Raymond James lowered shares of SVB Financial Group from an outperform rating to a market perform rating in a research note on Friday, March 10th. Wells Fargo & Company cut their target price on shares of SVB Financial Group from $350.00 to $300.00 and set an overweight rating on the stock in a research note on Thursday, March 9th. Maxim Group lowered shares of SVB Financial Group from a buy rating to a sell rating in a research note on Friday, March 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of SVB Financial Group from $300.00 to $270.00 and set an overweight rating on the stock in a research note on Thursday, March 9th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $338.39.

SVB Financial Group Stock Down 10.2 %

Shares of NASDAQ:SIVB opened at $0.40 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.48 and a quick ratio of 0.48. The firm has a market capitalization of $23.66 million, a PE ratio of 0.02, a price-to-earnings-growth ratio of 0.91 and a beta of 1.57. The firm’s 50-day moving average is $15.36 and its two-hundred day moving average is $165.00. SVB Financial Group has a 1 year low of $39.40 and a 1 year high of $597.16.

Insider Activity

In other news, CFO Daniel J. Beck sold 2,000 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $287.59, for a total transaction of $575,180.00. Following the completion of the transaction, the chief financial officer now owns 4,207 shares of the company’s stock, valued at approximately $1,209,891.13. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Daniel J. Beck sold 2,000 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $287.59, for a total transaction of $575,180.00. Following the completion of the sale, the chief financial officer now owns 4,207 shares in the company, valued at approximately $1,209,891.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory W. Becker sold 12,451 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $287.42, for a total value of $3,578,666.42. Following the sale, the chief executive officer now owns 92,552 shares of the company’s stock, valued at approximately $26,601,295.84. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On SVB Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of SIVB. Vontobel Holding Ltd. raised its position in shares of SVB Financial Group by 156.4% in the 1st quarter. Vontobel Holding Ltd. now owns 3,703 shares of the bank’s stock valued at $2,100,000 after purchasing an additional 2,259 shares in the last quarter. Blair William & Co. IL raised its position in shares of SVB Financial Group by 2.6% in the 1st quarter. Blair William & Co. IL now owns 2,368 shares of the bank’s stock valued at $1,325,000 after purchasing an additional 60 shares in the last quarter. Prudential PLC acquired a new stake in shares of SVB Financial Group during the 1st quarter valued at approximately $704,000. National Pension Service raised its position in shares of SVB Financial Group by 7.9% during the 1st quarter. National Pension Service now owns 78,901 shares of the bank’s stock valued at $44,141,000 after acquiring an additional 5,770 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of SVB Financial Group by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 6,346,725 shares of the bank’s stock valued at $3,550,675,000 after acquiring an additional 92,553 shares in the last quarter. Hedge funds and other institutional investors own 92.35% of the company’s stock.

SVB Financial Group Company Profile

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SVB Financial Group is a holding company, which engages in the provision of banking and financial services to clients primarily in the technology and life science/healthcare industries, as well as global private equity and venture capital clients. It operates through the following segments: Silicon Valley Bank, SVB Private, SVB Capital, and SVB Securities.