SVB Financial Group (NASDAQ:SIVB) shot up 2.1% during trading on Thursday . The stock traded as high as $93.93 and last traded at $92.38, with a volume of 429,486 shares trading hands. The stock had previously closed at $90.45.

Several research firms have commented on SIVB. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of SVB Financial Group in a research note on Sunday, May 29th. Stephens restated a “buy” rating on shares of SVB Financial Group in a research note on Saturday, April 23rd. Barclays PLC restated a “buy” rating on shares of SVB Financial Group in a research note on Saturday, April 23rd. Zacks Investment Research lowered shares of SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on shares of SVB Financial Group from $126.00 to $112.00 and set an “overweight” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. SVB Financial Group presently has a consensus rating of “Buy” and an average target price of $131.50.

The stock has a market capitalization of $4.83 billion and a PE ratio of 14.49. The company’s 50-day moving average is $101.15 and its 200 day moving average is $100.64.

SVB Financial Group (NASDAQ:SIVB) last issued its earnings results on Thursday, April 21st. The company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by $0.17. During the same period in the previous year, the company posted $1.71 EPS. On average, analysts anticipate that SVB Financial Group will post $6.98 earnings per share for the current year.

In other news, insider Bruce Wallace sold 3,400 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $105.18, for a total transaction of $357,612.00. Following the completion of the transaction, the insider now directly owns 10,691 shares of the company’s stock, valued at $1,124,479.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philip C. Cox sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 28th. The shares were sold at an average price of $104.89, for a total transaction of $52,445.00. Following the transaction, the insider now directly owns 3,126 shares of the company’s stock, valued at $327,886.14. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently added to or reduced their stakes in the stock. Profund Advisors LLC boosted its position in SVB Financial Group by 76.4% in the fourth quarter. Profund Advisors LLC now owns 8,567 shares of the company’s stock valued at $1,019,000 after buying an additional 3,710 shares during the last quarter. Penn Capital Management Co. Inc. bought a new position in SVB Financial Group during the fourth quarter valued at $1,049,000. Alpine Woods Capital Investors LLC boosted its position in SVB Financial Group by 190.0% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 11,600 shares of the company’s stock valued at $1,379,000 after buying an additional 7,600 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in SVB Financial Group by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,929 shares of the company’s stock valued at $1,775,000 after buying an additional 68 shares during the last quarter. Finally, BOKF NA boosted its position in SVB Financial Group by 6.1% in the fourth quarter. BOKF NA now owns 15,260 shares of the company’s stock valued at $1,814,000 after buying an additional 875 shares during the last quarter.

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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