SVB Financial Group (NASDAQ:SIVB) has been given a consensus rating of “Buy” by the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $203.55.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut SVB Financial Group from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Wedbush reaffirmed a “neutral” rating and issued a $192.00 target price on shares of SVB Financial Group in a report on Tuesday, June 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $195.00 target price on shares of SVB Financial Group in a report on Friday, July 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $216.00 target price on shares of SVB Financial Group in a report on Friday, August 11th. Finally, Maxim Group upped their target price on SVB Financial Group from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, July 31st.
Shares of SVB Financial Group (NASDAQ:SIVB) opened at 181.64 on Wednesday. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 22.08 and a beta of 1.63. The company has a 50-day moving average price of $177.25 and a 200-day moving average price of $178.32. SVB Financial Group has a 12 month low of $114.22 and a 12 month high of $198.83.
SVB Financial Group (NASDAQ:SIVB) last issued its earnings results on Thursday, July 27th. The bank reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.27. SVB Financial Group had a return on equity of 11.27% and a net margin of 24.36%. The business had revenue of $471.70 million during the quarter, compared to analysts’ expectations of $451.96 million. During the same quarter in the prior year, the firm earned $1.78 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts forecast that SVB Financial Group will post $8.99 EPS for the current fiscal year.
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In related news, Director Eric Benhamou sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $172.01, for a total transaction of $344,020.00. Following the completion of the sale, the director now owns 6,672 shares of the company’s stock, valued at $1,147,650.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philip C. Cox sold 3,024 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $182.80, for a total value of $552,787.20. Following the sale, the insider now directly owns 2,872 shares of the company’s stock, valued at approximately $525,001.60. The disclosure for this sale can be found here. In the last three months, insiders sold 8,524 shares of company stock valued at $1,534,052. Insiders own 0.73% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIVB. UBS Asset Management Americas Inc. grew its stake in SVB Financial Group by 14.0% during the first quarter. UBS Asset Management Americas Inc. now owns 32,264 shares of the bank’s stock worth $6,004,000 after purchasing an additional 3,956 shares during the period. Prudential Financial Inc. grew its stake in SVB Financial Group by 4.8% during the first quarter. Prudential Financial Inc. now owns 32,277 shares of the bank’s stock worth $6,006,000 after purchasing an additional 1,468 shares during the period. FMR LLC grew its stake in SVB Financial Group by 12.6% during the first quarter. FMR LLC now owns 862,554 shares of the bank’s stock worth $160,513,000 after purchasing an additional 96,425 shares during the period. Teachers Advisors LLC grew its stake in SVB Financial Group by 7.4% during the first quarter. Teachers Advisors LLC now owns 138,140 shares of the bank’s stock worth $25,706,000 after purchasing an additional 9,479 shares during the period. Finally, Legal & General Group Plc grew its stake in SVB Financial Group by 60.8% during the first quarter. Legal & General Group Plc now owns 48,495 shares of the bank’s stock worth $9,026,000 after purchasing an additional 18,341 shares during the period. 92.04% of the stock is owned by institutional investors and hedge funds.
About SVB Financial Group
SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. The Company’s segments include 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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