SVB Financial Group (SIVB) Rating Reiterated by Wells Fargo & Co

Wells Fargo & Co reaffirmed their outperform rating on shares of SVB Financial Group (NASDAQ:SIVB) in a report issued on Tuesday, The Fly reports. The brokerage currently has a $280.00 price target on the bank’s stock, up from their previous price target of $240.00.

Other equities analysts have also recently issued reports about the stock. Barclays upped their price objective on shares of SVB Financial Group from $217.00 to $251.00 and gave the stock an equal weight rating in a research report on Tuesday, January 2nd. SunTrust Banks reiterated a buy rating and set a $280.00 price objective on shares of SVB Financial Group in a research report on Wednesday, January 3rd. Morgan Stanley reiterated an overweight rating and set a $213.00 price objective (up from $210.00) on shares of SVB Financial Group in a research report on Wednesday, October 4th. Zacks Investment Research cut shares of SVB Financial Group from a hold rating to a sell rating in a research report on Tuesday, October 3rd. Finally, ValuEngine cut shares of SVB Financial Group from a buy rating to a hold rating in a research report on Friday, December 1st. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. SVB Financial Group presently has an average rating of Buy and a consensus price target of $229.29.

Shares of SVB Financial Group (SIVB) traded up $1.00 during trading on Tuesday, hitting $250.65. 268,500 shares of the stock were exchanged, compared to its average volume of 392,375. SVB Financial Group has a 12 month low of $159.44 and a 12 month high of $254.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market cap of $13,220.00, a P/E ratio of 28.16, a PEG ratio of 1.82 and a beta of 1.62.

SVB Financial Group (NASDAQ:SIVB) last issued its quarterly earnings results on Thursday, October 26th. The bank reported $2.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.29 by $0.50. The company had revenue of $533.40 million during the quarter, compared to the consensus estimate of $490.56 million. SVB Financial Group had a net margin of 25.07% and a return on equity of 11.88%. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.12 EPS. equities analysts predict that SVB Financial Group will post 9.64 earnings per share for the current year.

In other SVB Financial Group news, insider Kamran F. Husain sold 2,890 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $220.20, for a total value of $636,378.00. Following the completion of the transaction, the insider now directly owns 890 shares in the company, valued at approximately $195,978. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Marc C. Cadieux sold 2,260 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $219.34, for a total transaction of $495,708.40. Following the completion of the transaction, the insider now owns 15,971 shares of the company’s stock, valued at $3,503,079.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,291 shares of company stock valued at $4,558,918. Corporate insiders own 0.73% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Trust N.A. increased its position in SVB Financial Group by 0.3% in the 2nd quarter. Raymond James Trust N.A. now owns 1,474 shares of the bank’s stock valued at $259,000 after acquiring an additional 4 shares during the period. Pacer Advisors Inc. increased its position in SVB Financial Group by 9.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,031 shares of the bank’s stock valued at $181,000 after acquiring an additional 87 shares during the period. Macquarie Group Ltd. increased its position in SVB Financial Group by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 16,178 shares of the bank’s stock valued at $2,844,000 after acquiring an additional 122 shares during the period. Commerce Bank increased its position in SVB Financial Group by 15.7% in the 2nd quarter. Commerce Bank now owns 1,473 shares of the bank’s stock valued at $259,000 after acquiring an additional 200 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in SVB Financial Group by 3.4% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,032 shares of the bank’s stock valued at $1,316,000 after acquiring an additional 232 shares during the period. Hedge funds and other institutional investors own 91.45% of the company’s stock.

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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.

The Fly

Analyst Recommendations for SVB Financial Group (NASDAQ:SIVB)

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