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

A number of equities research analysts have issued reports on SIVB shares. Stephens upped their price objective on shares of SVB Financial Group from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, April 22nd. Wells Fargo & Co. reiterated a “buy” rating on shares of SVB Financial Group in a research note on Friday, July 22nd. Morgan Stanley reiterated a “buy” rating on shares of SVB Financial Group in a research note on Tuesday, August 2nd. Barclays PLC dropped their target price on shares of SVB Financial Group from $130.00 to $122.00 and set an “overweight” rating on the stock in a research note on Friday, April 22nd. Finally, Maxim Group dropped their target price on shares of SVB Financial Group from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, July 25th. 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 stock has a consensus rating of “Buy” and an average target price of $132.54.

The firm has a 50 day moving average price of $98.20 and a 200-day moving average price of $99.01. The stock has a market cap of $5.40 billion and a price-to-earnings ratio of 15.84.

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

In other SVB Financial Group news, CFO Michael Descheneaux sold 8,378 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $103.21, for a total transaction of $864,693.38. Following the completion of the sale, the chief financial officer now directly owns 15,079 shares in the company, valued at approximately $1,556,303.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bruce Wallace sold 2,300 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $103.25, for a total transaction of $237,475.00. Following the sale, the insider now owns 13,177 shares of the company’s stock, valued at $1,360,525.25. The disclosure for this sale can be found here.

Other hedge funds recently made changes to their positions in the company. Jennison Associates LLC bought a new stake in shares of SVB Financial Group during the fourth quarter worth approximately $37,061,000. Morgan Stanley raised its stake in shares of SVB Financial Group by 79.2% in the fourth quarter. Morgan Stanley now owns 301,323 shares of the company’s stock worth $35,827,000 after buying an additional 133,205 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of SVB Financial Group by 189.5% in the fourth quarter. BlackRock Advisors LLC now owns 183,484 shares of the company’s stock worth $21,816,000 after buying an additional 120,101 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of SVB Financial Group by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 3,544,825 shares of the company’s stock worth $421,480,000 after buying an additional 113,320 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of SVB Financial Group by 19.3% in the fourth quarter. Wells Fargo & Company MN now owns 221,477 shares of the company’s stock worth $26,335,000 after buying an additional 35,789 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.