Shares of SVB Financial Group (NASDAQ:SIVB) gapped up prior to trading on Monday . The stock had previously closed at $102.16, but opened at $102.51. SVB Financial Group shares last traded at $105.70, with a volume of 138,128 shares trading hands.

Several analysts have recently commented on SIVB shares. Zacks Investment Research downgraded shares of SVB Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 19th. Evercore ISI downgraded shares of SVB Financial Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $135.00 to $120.00 in a report on Friday, April 22nd. Royal Bank Of Canada upped their price objective on shares of SVB Financial Group from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, April 22nd. Stephens upped their price objective on shares of SVB Financial Group from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, April 22nd. Finally, Barclays PLC dropped 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 report on Friday, April 22nd. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. SVB Financial Group has an average rating of “Buy” and an average price target of $132.54.

The company has a market capitalization of $5.50 billion and a P/E ratio of 16.14. The firm has a 50-day moving average price of $99.04 and a 200-day moving average price of $99.30.

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, topping analysts’ consensus estimates of $1.70 by $0.08. On average, equities analysts predict that SVB Financial Group will post $6.81 EPS for the current fiscal year.

In other news, insider Bruce Wallace sold 2,300 shares of SVB Financial Group stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $103.25, for a total value of $237,475.00. Following the transaction, the insider now directly owns 13,177 shares of the company’s stock, valued at approximately $1,360,525.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Descheneaux sold 8,378 shares of SVB Financial Group stock in a transaction on 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 transaction, the chief financial officer now directly owns 15,079 shares in the company, valued at $1,556,303.59. The disclosure for this sale can be found here.

Several institutional investors have made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in shares of SVB Financial Group by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 162,074 shares of the company’s stock worth $19,271,000 after buying an additional 1,032 shares during the last quarter. 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 last quarter. 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 last quarter. Airain ltd boosted 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 worth $3,020,000 after buying an additional 12,431 shares during the last quarter. Finally, RS Investment Management Co. LLC boosted its position in shares of SVB Financial Group by 9.6% in the fourth quarter. RS Investment Management Co. LLC now owns 194,495 shares of the company’s stock worth $23,125,000 after buying an additional 17,030 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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