SVB Financial Group (NASDAQ:SIVB) shot up 5.1% on Friday . The company traded as high as $103.96 and last traded at $103.76, with a volume of 301,461 shares trading hands. The stock had previously closed at $98.68.

A number of brokerages have weighed in on SIVB. Royal Bank Of Canada reiterated a “buy” rating on shares of SVB Financial Group in a research report on Thursday, June 23rd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of SVB Financial Group in a research report on Saturday, July 9th. Evercore ISI cut shares of SVB Financial Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $135.00 to $120.00 in a research report on Friday, April 22nd. Keefe, Bruyette & Woods dropped their price target on shares of SVB Financial Group from $140.00 to $131.00 and set an “outperform” rating for the company in a research report on Friday, May 27th. Finally, Zacks Investment Research cut shares of SVB Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 7th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $132.54.

The stock has a market capitalization of $5.40 billion and a P/E ratio of 15.84. The company has a 50-day moving average of $98.03 and a 200-day moving average of $98.98.

SVB Financial Group (NASDAQ:SIVB) last released its earnings results on Thursday, July 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.08. On average, equities analysts forecast that SVB Financial Group will post $6.81 earnings per share for the current fiscal year.

In other news, Director Eric Benhamou sold 1,365 shares of the stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $110.00, for a total transaction of $150,150.00. Following the transaction, the director now directly owns 13,897 shares in the company, valued at approximately $1,528,670. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Michael Descheneaux sold 8,378 shares of the stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $103.21, for a total transaction of $864,693.38. Following the transaction, the chief financial officer now owns 15,079 shares in the company, valued at $1,556,303.59. The disclosure for this sale can be found here.

Other hedge funds and institutional investors recently made changes to their positions in the company. Alpine Woods Capital Investors LLC raised 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 valued at $1,379,000 after buying an additional 7,600 shares during the last quarter. Trexquant Investment LP raised 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 valued at $1,902,000 after buying an additional 3,983 shares during the last quarter. Airain ltd raised its position in shares of SVB Financial Group by 95.8% in the fourth quarter. Airain ltd now owns 25,403 shares of the company’s stock valued at $3,020,000 after buying an additional 12,431 shares during the last quarter. KBC Group NV raised its position in shares of SVB Financial Group by 655.3% in the fourth quarter. KBC Group NV now owns 30,144 shares of the company’s stock valued at $3,584,000 after buying an additional 26,153 shares during the last quarter. Finally, Redwood Investments LLC raised 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 valued at $15,025,000 after buying an additional 23,017 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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