SVB Financial Group (SIVB) Stock Price Up 2.1%
SVB Financial Group (NASDAQ:SIVB) rose 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. The stock had previously closed at $90.45.
Several analysts have issued reports on the company. Jefferies Group restated a “buy” rating and set a $134.00 price objective on shares of SVB Financial Group in a report on Monday, March 14th. Zacks Investment Research upgraded SVB Financial Group from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a report on Monday, March 14th. Barclays PLC cut their price objective on SVB Financial Group from $150.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, March 24th. Evercore ISI downgraded SVB Financial Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $135.00 to $120.00 in a report on Friday, April 22nd. Finally, Royal Bank Of Canada boosted their price objective on SVB Financial Group from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, April 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $131.50.
The stock has a market capitalization of $4.92 billion and a price-to-earnings ratio of 14.76. The company’s 50 day moving average is $100.74 and its 200 day moving average is $100.40.
SVB Financial Group (NASDAQ:SIVB) last posted its quarterly 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 quarter last year, the company posted $1.71 earnings per share. Equities analysts expect that SVB Financial Group will post $6.97 earnings per share for the current year.
In other SVB Financial Group news, insider John China sold 645 shares of the firm’s stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $110.00, for a total transaction of $70,950.00. Following the transaction, the insider now owns 8,672 shares in the company, valued at $953,920. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Eric Benhamou sold 1,365 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $110.00, for a total value of $150,150.00. Following the transaction, the director now 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 institutional investors recently modified their holdings of the company. Jennison Associates LLC bought a new position in shares of SVB Financial Group during the fourth quarter worth about $37,061,000. Redwood Investments LLC boosted its position in shares of SVB Financial Group by 22.3% in the fourth quarter. Redwood Investments LLC now owns 126,364 shares of the company’s stock worth $15,025,000 after buying an additional 23,017 shares during the period. Trexquant Investment LP boosted its position in shares of SVB Financial Group by 33.1% in the fourth quarter. Trexquant Investment LP now owns 16,000 shares of the company’s stock worth $1,902,000 after buying an additional 3,983 shares during the period. Alpine Woods Capital Investors LLC boosted its position in shares of 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. Finally, Cambridge Trust Co. boosted its position in shares of SVB Financial Group by 0.5% in the fourth quarter. Cambridge Trust Co. now owns 60,970 shares of the company’s stock worth $7,250,000 after buying an additional 329 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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