Several other research firms have also commented on SIVB. Zacks Investment Research raised shares of SVB Financial Group from a hold rating to a buy rating and set a $132.00 price target on the stock in a report on Friday, October 7th. JMP Securities began coverage on shares of SVB Financial Group in a report on Friday, September 16th. They issued an outperform rating and a $130.00 price target on the stock. DA Davidson lowered shares of SVB Financial Group from a buy rating to a neutral rating in a report on Friday, July 22nd. Wells Fargo & Co. reiterated a buy rating on shares of SVB Financial Group in a research report on Friday, July 22nd. Finally, Maxim Group decreased their price objective on shares of SVB Financial Group from $170.00 to $150.00 and set a buy rating for the company in a research report on Monday, July 25th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. SVB Financial Group currently has an average rating of Buy and a consensus price target of $132.54.
SVB Financial Group (NASDAQ:SIVB) opened at 114.61 on Tuesday. The company has a 50-day moving average price of $110.41 and a 200 day moving average price of $104.00. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 17.50 and a beta of 1.63. SVB Financial Group has a 52-week low of $77.87 and a 52-week high of $141.75.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.70 by $0.08. SVB Financial Group had a net margin of 22.00% and a return on equity of 9.90%. On average, analysts expect that SVB Financial Group will post $6.81 earnings per share for the current year.
In other SVB Financial Group news, Director Eric Benhamou sold 2,000 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $106.38, for a total value of $212,760.00. Following the completion of the sale, the director now owns 11,897 shares in the company, valued at approximately $1,265,602.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bruce Wallace sold 2,300 shares of the stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $103.25, for a total transaction of $237,475.00. Following the completion of the sale, the insider now owns 13,177 shares of the company’s stock, valued at approximately $1,360,525.25. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its stake in SVB Financial Group by 1,091.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,442 shares of the company’s stock worth $137,000 after buying an additional 1,321 shares during the last quarter. Advisor Group Inc. acquired a new stake in SVB Financial Group during the second quarter worth approximately $141,000. Quantbot Technologies LP acquired a new stake in SVB Financial Group during the second quarter worth approximately $144,000. Advisory Services Network LLC increased its stake in SVB Financial Group by 160.7% in the third quarter. Advisory Services Network LLC now owns 1,418 shares of the company’s stock worth $157,000 after buying an additional 874 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in SVB Financial Group during the second quarter worth approximately $204,000. Institutional investors own 92.23% of the company’s stock.
About SVB Financial Group
SVB Financial Group (SVB Financial) is a diversified financial services, bank holding and financial holding company. The Company operates through three segments: 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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