SVB Financial Group (NASDAQ:SIVB) gapped up prior to trading 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 changing hands.

SIVB has been the topic of several analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating on shares of SVB Financial Group in a report on Sunday, May 29th. Stephens reaffirmed a “buy” rating on shares of SVB Financial Group in a report on Saturday, April 23rd. Barclays PLC reaffirmed a “buy” rating on shares of SVB Financial Group in a report on Saturday, April 23rd. Zacks Investment Research raised shares of SVB Financial Group from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a report on Monday, March 14th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $134.00 target price on shares of SVB Financial Group in a report on Monday, March 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $131.50.

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

SVB Financial Group (NASDAQ:SIVB) last posted its earnings results on Thursday, April 21st. The company reported $1.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.69 by $0.17. During the same period in the prior year, the business earned $1.71 earnings per share. Analysts anticipate that SVB Financial Group will post $6.95 earnings per share for the current year.

In related news, Director Eric Benhamou sold 1,365 shares of the business’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 completion of the transaction, the director now owns 13,897 shares of the company’s stock, valued at $1,528,670. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Bruce Wallace sold 3,400 shares of the business’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $105.18, for a total value 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 approximately $1,124,479.38. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently bought and sold shares of the stock. Profund Advisors LLC increased 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 worth $1,019,000 after buying an additional 3,710 shares during the period. Alpine Woods Capital Investors LLC increased 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 worth $1,379,000 after buying an additional 7,600 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased 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 worth $1,775,000 after buying an additional 68 shares during the period. BOKF NA increased 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 worth $1,814,000 after buying an additional 875 shares during the period. Finally, ProShare Advisors LLC increased its position in SVB Financial Group by 19.7% in the fourth quarter. ProShare Advisors LLC now owns 15,488 shares of the company’s stock worth $1,842,000 after buying an additional 2,550 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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