SVB Financial Group (SIVB) Research Coverage Started at JMP Securities
A number of other analysts also recently weighed in on SIVB. Keefe, Bruyette & Woods decreased their price target on SVB Financial Group from $140.00 to $131.00 and set an outperform rating on the stock in a research note on Friday, May 27th. Raymond James Financial Inc. restated a strong-buy rating on shares of SVB Financial Group in a research note on Friday, June 3rd. Zacks Investment Research upgraded SVB Financial Group from a sell rating to a hold rating in a research note on Friday, June 17th. Royal Bank Of Canada restated a buy rating on shares of SVB Financial Group in a research note on Thursday, June 23rd. Finally, JPMorgan Chase & Co. decreased their price target on SVB Financial Group from $126.00 to $112.00 and set an overweight rating on the stock in a research note on Thursday, July 7th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $130.23.
SVB Financial Group (NASDAQ:SIVB) opened at 106.93 on Friday. SVB Financial Group has a 1-year low of $77.87 and a 1-year high of $141.75. The company has a 50-day moving average price of $106.09 and a 200 day moving average price of $102.44. The firm has a market capitalization of $5.56 billion, a P/E ratio of 16.33 and a beta of 1.73.
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. SVB Financial Group had a return on equity of 9.90% and a net margin of 22.00%. Analysts expect that SVB Financial Group will post $6.81 earnings per share for the current fiscal year.
In related news, insider Bruce Wallace sold 2,300 shares of the stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $103.25, for a total value of $237,475.00. Following the completion of the transaction, the insider now owns 13,177 shares of the company’s stock, valued at $1,360,525.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric Benhamou sold 2,000 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $106.38, for a total value of $212,760.00. Following the completion of the transaction, the director now directly owns 11,897 shares of the company’s stock, valued at approximately $1,265,602.86. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its position in shares of SVB Financial Group by 1,091.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,442 shares of the company’s stock worth $137,000 after buying an additional 1,321 shares in the last quarter. Advisor Group Inc. acquired a new position in shares of SVB Financial Group during the second quarter worth approximately $141,000. Quantbot Technologies LP acquired a new position in shares of SVB Financial Group during the second quarter worth approximately $144,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of SVB Financial Group during the second quarter worth approximately $204,000. Finally, Independent Portfolio Consultants Inc. increased its position in shares of SVB Financial Group by 12.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,185 shares of the company’s stock worth $208,000 after buying an additional 240 shares in the last quarter. 92.23% of the stock is owned by hedge funds and other institutional investors.
About SVB Financial Group
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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