SVB Financial Group (NASDAQ:SIVB) shot up 3.4% during mid-day trading on Thursday . The stock traded as high as $102.59 and last traded at $101.56, with a volume of 451,824 shares changing hands. The stock had previously closed at $98.20.

Several research firms have recently issued reports on SIVB. Barclays PLC reduced their price objective on shares of SVB Financial Group from $130.00 to $122.00 and set an “overweight” rating on the stock in a research report on Friday, April 22nd. Stephens lifted their price objective on shares of SVB Financial Group from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, April 22nd. Royal Bank Of Canada lifted their price objective on shares of SVB Financial Group from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, April 22nd. Evercore ISI cut shares of SVB Financial Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $135.00 to $120.00 in a research report on Friday, April 22nd. Finally, Raymond James Financial Inc. reiterated a “strong-buy” rating on shares of SVB Financial Group in a research report on Friday, June 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $131.50.

The company has a 50-day moving average of $100.27 and a 200-day moving average of $99.90. The stock has a market capitalization of $5.27 billion and a P/E ratio of 15.81.

SVB Financial Group (NASDAQ:SIVB) last announced its earnings results on Thursday, April 21st. The company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by $0.17. During the same quarter in the previous year, the firm posted $1.71 earnings per share. On average, equities research analysts anticipate that SVB Financial Group will post $6.88 EPS for the current fiscal year.

In related news, Director Eric Benhamou sold 1,365 shares of the stock in a transaction on 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 directly owns 13,897 shares of the company’s stock, valued at approximately $1,528,670. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Philip C. Cox sold 500 shares of the stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $104.89, for a total value of $52,445.00. Following the completion of 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.

A number of hedge funds and institutional investors have recently bought and sold shares of SIVB. 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 valued at $1,019,000 after buying an additional 3,710 shares in the last quarter. 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 valued at $1,379,000 after buying an additional 7,600 shares in the last quarter. 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 valued at $1,775,000 after buying an additional 68 shares in the last quarter. 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 valued at $1,814,000 after buying an additional 875 shares in the last quarter. 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 valued at $1,842,000 after buying an additional 2,550 shares in 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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