Insider Selling: Harry Kellogg Jr Sells 1,700 Shares of SVB Financial Group Stock (SIVB)
SVB Financial Group (NASDAQ:SIVB) Chairman Harry Kellogg, Jr. sold 1,700 shares of the company’s stock on the open market in a transaction dated Friday, November 1st. The stock was sold at an average price of $95.68, for a total value of $162,656.00. Following the transaction, the chairman now directly owns 4,228 shares in the company, valued at approximately $404,535. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of SVB Financial Group (NASDAQ:SIVB) traded up 0.50% during mid-day trading on Monday, hitting $95.64. The stock had a trading volume of 196,444 shares. SVB Financial Group has a one year low of $52.40 and a one year high of $100.00. The stock has a 50-day moving average of $90.45 and a 200-day moving average of $83.35. The company has a market cap of $4.362 billion and a price-to-earnings ratio of 20.92.
SVB Financial Group (NASDAQ:SIVB) last released its earnings data on Thursday, October 24th. The company reported $1.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.44 by $0.02. During the same quarter in the prior year, the company posted $0.94 earnings per share. On average, analysts predict that SVB Financial Group will post $4.52 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of SVB Financial Group from $85.00 to $93.00 in a research note to investors on Tuesday, October 29th. They now have a “hold” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of SVB Financial Group from $100.00 to $110.00 in a research note to investors on Monday, October 28th. Finally, analysts at Sandler O’Neill raised their price target on shares of SVB Financial Group from $92.00 to $96.00 in a research note to investors on Friday, October 25th. They now have a “hold” rating on the stock. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. SVB Financial Group presently has an average rating of “Hold” and a consensus target price of $95.00.
SVB Financial Group (NASDAQ:SIVB) is a diversified financial services company, as well as a bank holding company and financial holding company.
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