Insider Selling: SVB Financial Group (NASDAQ:SIVB) CEO Sells 4,828 Shares of Stock

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SVB Financial Group (NASDAQ:SIVB) CEO Gregory W. Becker sold 4,828 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $233.48, for a total transaction of $1,127,241.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

SIVB traded up $4.88 on Wednesday, reaching $230.15. 271,854 shares of the company’s stock were exchanged, compared to its average volume of 497,591. The stock has a market cap of $11.95 billion, a PE ratio of 12.62, a P/E/G ratio of 1.36 and a beta of 2.19. SVB Financial Group has a twelve month low of $177.70 and a twelve month high of $259.95. The stock’s fifty day moving average price is $225.86 and its 200-day moving average price is $214.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.66 and a quick ratio of 0.66.

SVB Financial Group (NASDAQ:SIVB) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $5.15 earnings per share for the quarter, topping analysts’ consensus estimates of $4.99 by $0.16. The firm had revenue of $814.65 million for the quarter, compared to analyst estimates of $805.27 million. SVB Financial Group had a net margin of 33.95% and a return on equity of 20.38%. SVB Financial Group’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the business posted $5.10 earnings per share. As a group, research analysts predict that SVB Financial Group will post 21.24 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tiverton Asset Management LLC raised its stake in SVB Financial Group by 26.0% during the second quarter. Tiverton Asset Management LLC now owns 42,332 shares of the bank’s stock worth $9,508,000 after purchasing an additional 8,730 shares during the period. Asset Management One Co. Ltd. raised its stake in SVB Financial Group by 3.5% during the second quarter. Asset Management One Co. Ltd. now owns 33,568 shares of the bank’s stock worth $7,538,000 after purchasing an additional 1,146 shares during the period. First Manhattan Co. raised its stake in SVB Financial Group by 10.1% during the second quarter. First Manhattan Co. now owns 2,725 shares of the bank’s stock worth $612,000 after purchasing an additional 250 shares during the period. CSat Investment Advisory L.P. raised its stake in SVB Financial Group by 171.1% during the second quarter. CSat Investment Advisory L.P. now owns 263 shares of the bank’s stock worth $59,000 after purchasing an additional 166 shares during the period. Finally, Hancock Whitney Corp raised its stake in SVB Financial Group by 32.2% during the third quarter. Hancock Whitney Corp now owns 5,145 shares of the bank’s stock worth $1,075,000 after purchasing an additional 1,253 shares during the period. Hedge funds and other institutional investors own 91.91% of the company’s stock.

Several research analysts have commented on SIVB shares. BidaskClub downgraded shares of SVB Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Wells Fargo & Co dropped their price objective on shares of SVB Financial Group from $240.00 to $225.00 and set a “market perform” rating for the company in a report on Friday, October 25th. Barclays dropped their price objective on shares of SVB Financial Group from $300.00 to $275.00 and set an “overweight” rating for the company in a report on Thursday, September 12th. Stephens restated a “buy” rating and set a $250.00 target price on shares of SVB Financial Group in a research report on Tuesday, September 17th. Finally, Royal Bank of Canada set a $265.00 target price on shares of SVB Financial Group and gave the company a “buy” rating in a research report on Friday, October 25th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $260.38.

SVB Financial Group Company Profile

SVB Financial Group, a diversified financial services company, provides various banking and financial products and services. The company operates through three segments: Global Commercial Bank, SVB Private Bank, and SVB Capital. The 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 and credit cards, account analysis, and disbursement, as well as online and mobile banking services.

See Also: Trading Ex-Dividend Strategy

Insider Buying and Selling by Quarter for SVB Financial Group (NASDAQ:SIVB)

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