SVB Financial Group (NASDAQ:SIVB)’s share price gapped up before the market opened on Friday . The stock had previously closed at $92.44, but opened at $93.15. SVB Financial Group shares last traded at $96.43, with a volume of 366,593 shares trading hands.

SIVB has been the topic of a number of recent analyst reports. Barclays PLC reiterated a “buy” rating on shares of SVB Financial Group in a research note on Saturday, April 23rd. Stephens reiterated a “buy” rating on shares of SVB Financial Group in a research note on Saturday, April 23rd. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of SVB Financial Group in a research note on Sunday, May 29th. Zacks Investment Research lowered SVB Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Raymond James Financial Inc. reiterated a “strong-buy” rating on shares of SVB Financial Group in a research note on Friday, June 3rd. One 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’s stock. SVB Financial Group has a consensus rating of “Buy” and an average target price of $131.50.

The firm has a market cap of $4.92 billion and a P/E ratio of 14.76. The company has a 50-day moving average price of $100.74 and a 200 day moving average price of $100.40.

SVB Financial Group (NASDAQ:SIVB) last announced its quarterly earnings results on Thursday, April 21st. The company reported $1.52 EPS for the quarter, missing the Zacks’ consensus estimate of $1.69 by $0.17. During the same quarter in the prior year, the firm posted $1.71 EPS. Equities research analysts forecast that SVB Financial Group will post $6.97 EPS for the current year.

In related news, insider Philip C. Cox sold 500 shares of the company’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 sale, the insider now owns 3,126 shares of the company’s stock, valued at approximately $327,886.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eric Benhamou sold 1,365 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $110.00, for a total transaction of $150,150.00. Following the sale, the director now directly owns 13,897 shares in the company, valued at approximately $1,528,670. The disclosure for this sale can be found here.

A number of hedge funds have recently bought and sold shares of SIVB. Profund Advisors LLC raised its stake in SVB Financial Group by 76.4% in the fourth quarter. Profund Advisors LLC now owns 8,567 shares of the company’s stock worth $1,019,000 after buying an additional 3,710 shares during the period. Penn Capital Management Co. Inc. purchased a new stake in SVB Financial Group during the fourth quarter worth $1,049,000. Alpine Woods Capital Investors LLC raised its stake 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 worth $1,379,000 after buying an additional 7,600 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake 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 worth $1,775,000 after buying an additional 68 shares during the period. Finally, BOKF NA raised its stake in SVB Financial Group by 6.1% in the fourth quarter. BOKF NA now owns 15,260 shares of the company’s stock worth $1,814,000 after buying an additional 875 shares during the period.

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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